To: TEXOKIE
On Boards of Directors there will be Independent (or Outside) and non-Independent (or Inside - people who work for the company). The Independent Directors are supposed to be able to give unbiased advice to the Non-Independent Directors who run the company. The Outside Directors usually have expertise in one or more areas of the Companys business. Questions might be raised if it looks like someone is on a Board who has no expertise to offer.
673 posted on
06/08/2018 5:11:04 AM PDT by
nanetteclaret
(The Fourth Estate is the Fifth Column)
To: nanetteclaret
On Boards of Directors there will be Independent (or Outside) and non-Independent (or Inside - people who work for the company). The Independent Directors are supposed to be able to give unbiased advice to the Non-Independent Directors who run the company. The Outside Directors usually have expertise in one or more areas of the Companys business. Questions might be raised if it looks like someone is on a Board who has no expertise to offer.
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Thank you so much for educating me on that, nanetteclaret. I was not very clear on that distinction.
783 posted on
06/08/2018 1:00:20 PM PDT by
TEXOKIE
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