"We said independent directors
should not be related to any member of the board or the company owners, but that's very difficult to achieve in a culture or country like ours where everybody is connected whether by second or third degree," Bu Saidi told Gulf News in an interview.
Berkley Corp., said it has launched a new director liability insurance policy that provides individual protection to independent directors
But yesterday the independent directors
insisted that Mr Burnett's new indicative price of 130p "undervalues the company".
The time commitment for attending meetings varies from annually to monthly, and you can expect other independent directors
to be bright, friendly and intelligent.
Waldman in this role will coordinate the activities of the independent directors
and serve as a liaison between the president and chief executive officer the other independent directors
"The board of directors will commence the search for the new independent director
to serve for the unexpired term of SyCip," MPIC added.
Tata Motors (NYSE: TTM), an India-based automaker, has named Om Prakash Bhatt as its additional and independent director
with effect from May 9, 2017, for a period of five years.
(NYSE: AHT) has appointed Fred Kleisner as a new independent director
, bringing the total number of directors to seven and the total independent directors
to six, the company said.
TapImmune Inc (OTCMKTS: TPIV), a clinical-stage immunology-oncology company specialising in the development of innovative peptide and gene-based immunotherapeutics and vaccines for the treatment of cancer & metastatic disease, has named Frederick G Wasserman as its independent director
Obviously, when these roles are separated, one of the board members now becomes board chair and is apparently not replaced by an additional independent director
. We know this because of the stability in the number of independent directors
and overall board size.
Sebi also proposed that while resigning, an independent director
should disclose the reasons for his/her decision.
Muscat: Recent move of the Capital Market Authority (CMA) to amend the definition of the independent director
and related parties in the Code of Corporate Governance aims to upgrade the standards of corporate governance principles to enhance investor confidence on the Muscat Securities Market (MSM) and to protect the rights and interests of shareholders, a statement issued by the Director of Compliance and Disclosure of CMA said.