Will the truly independent director please stand up?
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SEVERAL years ago, the chairman of a multi-billion-dollar enterprise said to me: "Let's face it - there is no such thing as a totally and truly independent director."
That remark put the brakes on the discussion about the independence of a particular director on the board.
On reflection, he was, in a sense, right, of course. Independence, after all, is a state of mind. Who is to really know what is (and what could be) in the mind of a director when a decision is being made?
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
