Responsibility Of Independent Directors Final

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The board is the most significant instrument of corporate governance Role Of Independent Directors The non-executive directors should: * Contribute to and constructively challenge development of company strategy. * Scrutinize management performance. * Satisfy them that financial information is accurate and ensure that robust risk management is in place. * Meet at least once a year without the chairman or executive directors - and there should be a statement in the annual report saying whether such meetings have taken place. * Be prepared to attend AGMs and discuss issues relating to their roles (especially chairmen of committees). * Have a greater exposure to major shareholders (particularly the senior independent director). Is there a better way to do it, in view of Õ Recent scandals of disclosures and audits Õ Size and scope of present day enterprise Õ Complexity of operations

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