Description
Independent directors are tasked to bring objectivity and clarity to the board in making decisions that determine the survival and prosperity of the organisation. Besides ensuring the well-being of the corporation, independent directors are also expected to champion the interests of shareholders, stakeholders, and the society at large. What kind of atmosphere or environment should be created at the board level in order that it is conducive for independent directors to freely voice their views, be they in agreement or dissent? Being independent affords them the privilege of being able to raise issues that go beyond the profit-making concern of the organisation.
What are the characteristics of a good independent director? What are their legal responsibilities and possible liabilities? How can independent directors fulfil their roles effectively? How should they be selected and prepared in order to perform their duties well? This book provides valuable insight for independent directors, and also discusses how a board of directors can evaluate the performances of its independent directors.
