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By Rym DELCROIX, Director at CONNECTreg
Appointing an independent non-executive director (INED) on the Board is certainly not a box ticking to play the governance game or please the regulator. It is an attempt to ensure honest and independent judgment in decision making and actions in the best interest of a company.
Acting as an independent advisor when no involvement in the day-to-day operations and yet, facing the same legal responsibilities and liabilities as the executive directors is rather an arduous task where trust is paramount. Directors depend on the information they receive (hopefully timely and quality proofed) whilst accounted for increased justification for supervisory decisions. When taking one’s role seriously with adequate...
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