Board Independence

Board Independence

The state in which all or a majority of the members of a board of directors do not have a relationship with the company except as directors. For example, they may not be relatives of the company's founders, key players or major employees. In the United States, the SEC and individual exchanges require board independence.
References in periodicals archive ?
The results showed that board independence improves the market value of the business.
Board Size, Board Independence, Board Activism, Audit Committee and Director's Remuneration) and structure of textile companies in Pakistan has impact on the shareholders value.
Board independence from Management is thought to be important for the balance of each component to function best.
PESHAWAR -- Humam Ahmad and Hammad Khan clinched the trophies of Pakistan Sports Board Independence Day Junior Squash Tournament played here at PSB Mohib Ullah Khan Squash Academy on Monday.
Zuckerberg is both CEO and chairman of the social media giant's board of directors, but some see that dual role as hampering board independence.
ESG comprises a number of areas of increasing interest to shareholders, including sustainability, diversity and inclusion, human rights, labor practices, executive compensation, employee relations, and board independence.
exhibit financial underperformance, less board independence and ethnic and gender diversity, more related party transactions, and higher CEO pay.
This study investigates the impact of corporate governance mechanisms (board composition, board independence and CEO duality) on the dividend policy of Canadian firms listed on the Toronto Stock Exchange over the period 2008-2011.
Similarly, another study also found a negative relation between board independence and shareholder's wealth (Bhagat and Black, 2000; Linck et al.
The main objective of the study is to analyse the effect of ownership pattern, board size, board independence and remuneration of executive directors on financial performance of the pharmaceutical companies in India listed on the Bombay Stock Exchange (BSE).
SLI raised the issue and SOCO later left Virunga but SLI was concerned about the lack of transparency of an independent review of Virunga activities, board independence and the oversight of risk.
The median insurance premium differs significantly across quartiles for both board size and board independence (Panel A); however, we observe no significant differences in premiums based on CEO duality (Panel B).