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- W2008661246 abstract "The purpose of this paper is to examine the views of directors of public-listed Indian companies regarding the role of the independent director and the significance of that role in relationship to the composition of the board of company directors. The analysis indicates that participating directors were convinced that a majority of non-executive directors (NEDs) provided a safeguard for a balance of power in the board/management relationship. The difference between NEDs, who are also independent directors, and NEDs who are not independent, was highlighted as an important distinction. The capacity for board members to think independently was seen to be enhanced, but not necessarily ensured, with majority membership of NEDs.However, a majority of independent minds expressing multiple points of view was perceived to reduce the board room hazard of “group think.” The study was conducted within the context of the preferred model for board composition in Indian public-listed companies which requires a majority of NEDs. Conflicting evidence surrounding the claim that a majority of independent members in the board structure contributes to “best practice governance” makes the paper relevant to governance issues being debated in the global arena." @default.
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- W2008661246 date "2011-03-02" @default.
- W2008661246 modified "2023-09-28" @default.
- W2008661246 title "Corporate: Independent Directors in the Board" @default.
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