Why independence is in the mind and not the numbers.(Brief Article)

Australasian Business Intelligence, March, 2005 by Tarrant, Deborah

Mar 16, 2005 (The Australian Financial Review - ABIX via COMTEX)

The Australian Stock Exchange's Best Practice Recommendations may not be suitable for all businesses. The guidelines stipulate that at least half of a board's directors should be independent. This is not necessarily beneficial for all businesses according to Eric Mather of BT's Governance Advisory Service. Mather says there is a danger that companies will adhere to the standards merely so that others perceive that they are doing the right thing. A board must be composed in a way that is best for the company, so independence should not necessarily be valued over experience.

Publication Date: 17 March 2005

AUSTRALIAN STOCK EXCHANGE LIMITED - 

ASX ASX:

AUSTRALIAN...

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