2 responses to “Boldly into the Breach – the Lead Independent Director”

  1. The blog is good.
    I have some comments on independent directors:
    The litany of recent corporate scandals at companies (which every one is now aware) has given rise not only to the perception that the “gate-keepers” on whom investors rely to assure market integrity have failed to provide adequate oversight, but also to widespread expectations that new reports of misdeeds are forthcoming.
    Much attention and criticism has been focused on the failure of directors, particularly independent directors, in their role as gatekeepers to prevent the recent instances of corporate wrongdoing despite their fiduciary duties to actin the best interests of the company and its shareholders. So is the outcry is having an effect?
    To answer the query does more independent directors on Board guarantee better governance and results?
    The answer is probably NO.

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