Independent isn't necessarily better. Why appointing independent directors can achieve little
- Written by Roman Lanis, Associate Professor, Accounting, University of Technology Sydney
Independent directors are sought out for qualities other than ethics.ShutterstockAn insurance company has been ripping off its clients. A bank has been lending without properly assessing ability to repay. Trustees of a super fund have been putting the interests of its owner ahead of those of the members they are sworn to protect.
All of these...
