BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
External stakeholder security
|
|
|
Time available to devote to the role
|
|
|
Objective viewpoint
|
Detailed explanation-1: -An independent director is a non-executive director of a company who helps the company in improving corporate credibility and governance standards.
Detailed explanation-2: -Non-executive director means a person who is not an executive director and not interested in the company’s day-to-day operations. He or she is usually involved in planning and policymaking. The non-executive directors are expected to oversee the performance of the executive directors and the management.
Detailed explanation-3: -An iNED is an individual who is a director (member) of the board of directors who does not have a material or pecuniary relationship with the company or related persons. The iNEDS’s role is to provide independent oversight and constructive challenge to the executive directors.