n Without Prejudice - The vexing question of defining independence : company law

Volume 16, Issue 3
  • ISSN : 1681-178X



Research on the efficacy of independent directors serving on boards of directors has shown mixed results. There is general consensus that the presence of independent directors improves corporate governance. On the other hand, the failure of companies such as Enron and African Bank, which quantitatively were able to tick off all the best practice governance boxes, raises the question as to the value of independent directors.

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