26 October 2015
Independence is a state of mind, say Tim Ward and Scott Knight
Independence is a virtue that all non-executive directors must maintain throughout their directorships. It is a key feature of good governance, which ultimately helps to avoid boardroom groupthink from taking hold. It also ensures that sound business decisions that fulfil the strategy of the company are being made.
Independence is frequently measured quantitatively – years served at one company, the amount of shares owned, or the number of directorships held at other similar companies....