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what means by non independent director?

Especially in the board of director of listed company.

Asked by: choo1975 592 days ago - 1 Answers - 1976 views

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A non-independent director is in a majority of cases an executive associated with the boards organization, i.e. chairman, CEO, COO, CFO, etc. and/or any other executive voted to be a member of the board; or it can and usually is someone or an entity, (pension fund, family member, institutional investors, etc) from outside the organization that holds some form of financial interest that influences the board to offer a seat on the board for representation. Simply put – it is opposite of what the SEC, NYSE and NASDAQ requirements set forth for independent directors.

Answer by dormers don west 592 days ago

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