Independent directors are the agent and trustee of the company, their duties and responsibility towards the shareholder and other stake holders are akin to full time director , but there are few cases reported where the independent director had their personnel hidden interests in the company that jeopardize the general interest of the appointing independent director on board of company. Explain the responsibility of the independent directors toward shareholder and stakeholder. Explain your role in board meetings if you are appointed as an independent director of a company.
Independent directors are the agent and trustee of the company, their duties and responsibility towards the shareholder and other stake holders are akin to full time director , but there are few cases reported where the independent director had their personnel hidden interests in the company that jeopardize the general interest of the appointing independent director on board of company. Explain the responsibility of the independent directors toward shareholder and stakeholder. Explain your role in board meetings if you are appointed as an independent director of a company.
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter2: Ethics & Governance Scandals
Section: Chapter Questions
Problem 2Q
Related questions
Question
Independent directors are the agent and trustee of the company, their duties and
responsibility towards the shareholder and other stake holders are akin to full time director ,
but there are few cases reported where the independent director had their personnel hidden
interests in the company that jeopardize the general interest of the appointing independent
director on board of company. Explain the responsibility of the independent directors
toward shareholder and stakeholder. Explain your role in board meetings if you are
appointed as an independent director of a company.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage