more expansive view re director independence
Following Post from HLS Forum on Corporate Governance and Financial Regulation raises a potentially powerful opening for shareholders
Director-Management Relationships under Stock Exchange Independence Standards
Executive summary:
Executive summary:
A recent disclosure by Black & Decker Corp. and a subsequent clarification as a result of a complaint by the New York Stock Exchange provide helpful insight regarding how business, and possibly other, relationships between directors and senior management may impair a director’s independence both for exchange listing standards and other contexts, and may give rise to unwanted publicity.
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Tags: director, independence
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