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Independent Director
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Generally, an independent director is a director who is not connected with the company or its promoters or directors on the basis of family relationships, and who does not have any other relationship, whether pecuniary or otherwise, with the company, its associated companies, directors, executives or related parties. Both the NYSE and the Nasdaq specify independence criteria that must be satisfied by their listed companies' boards of directors and members of particular board committees.
Created By:
Russell Benasaraf
03-17-2014
Last Updated By:
Russell Benasaraf
03-17-2014
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