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THE VALUE OF INDEPENDENCE?
Author(s) -
MCCAMBRIDGE JIM
Publication year - 2004
Publication title -
addiction
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.424
H-Index - 193
eISSN - 1360-0443
pISSN - 0965-2140
DOI - 10.1111/j.1360-0443.2003.00635.x
Subject(s) - independence (probability theory) , value (mathematics) , citation , psychology , computer science , library science , mathematics , statistics , machine learning
Over the past decade, new corporate governance codes and stock exchange listing rules have placed greater focus on the composition of boards of directors and specifically highlighted the value that independent directors bring to the table. The New York Stock Exchange and NASDAQ listing standards, for example, call for a majority of board members to be independent, meaning that they have “no material relationship” with the company.