What is an Independent Director?


An independent director, also known as an outside director, is a member of the board of directors who does not have a material or financial relationship with the organization. Independent directors are often a key part of good corporate governance to provide unique perspectives and backgrounds to the board. Indepependent directors are not employed by the company and are not involved in the day-to-day operations of the business. Shareholders select independent directors based on their expertise and experience in a specific field. Because they generally do not have conflicts of interest, they serve as a valuable resource to provide objective advice and insights to improve decision-making, leadership, and corporate strategies.

Got questions?

Ask our consultants today—we’re excited to assist you!

TALK TO US
  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z