Chapter3 - CG Chapter 3 Directors and Board Architecture...

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CG Chapter 3 Directors and Board Architecture Different Types of “Director” and Director Appointment An executive director : member of board of director who is also an executive manager of the company (CEO; CFO; COO likely to be on the board) A non-executive director : member of the board, no executive position n the company The Independent non-executive director (INED ): director with no affiliation or other relationship with the company, other than directorship Independent director means : (page 52) o Has not been employed by the company or its related parties in past 5 years o Is not affiliated with a company that is advisor, consultant… o Is not affiliated with significant customer or supplier o Has no personal service contracts with the company o Is not affiliated with a non-profit organization that receives significant funding from the company o Is not employed as an executive of another company where any of company’s executives serve on that company’s board of director
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Chapter3 - CG Chapter 3 Directors and Board Architecture...

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