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New misadventures in independence

There's a need to allow non-controlling shareholders more say in the nomination and election of directors and the determination of their independence.


A FEW years ago, I expressed frustration on the issue of independence of independent directors or IDs ("Looping around the problem", BT, July 5, 2010) and said that "the lack of independence of independent directors here is such an intractable issue that there's little hope of any improvement...

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