January 19, 2016

Boards Get More Independent, but Ties Endure

Shareholders like their corporate boards stocked with independent directors—men and women unencumbered by close ties to the company or its executives. The reasoning: Who better to act in the interest of investors? Today, most large companies can boast that their boards are overwhelmingly independent under rules laid down by the stock exchanges. Yet some of those independent directors have close ties to the companies and executives they oversee, or to one another.

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