A group of Japanese lawyers is setting up a rating service to evaluate investigations on corporate scandals, hoping to move Japanese companies away from the third-party panels they typically hire and that appear to lack objectivity.
Entries in Independent Directors (5)
A peer level board compliance committee, headed by a senior independent non-executive director with a majority of independent non-executive directors, should be a prerequisite for any company seeking to establish that it has put in place adequate precautions to prevent bribery.
Effective independent non-executive directors are expected to provide high-quality, objective oversight and scrutiny of a listed company’s strategy and the performance of its executive management. By being removed from the immediate commercial pressures of executive management, they are an essential component for ensuring effective corporate governance and compliance.
A sweeping new company law in India is a major overhaul of the basic rules for corporate operation and an attempt to introduce greater transparency and improved corporate governance.
There's a must-read post today on Kevin LaCroix's D&O Diary.