Recent years have highlighted the needs for higher levels of scrutiny and corporate governance. Truly independent directors who are outside of the networks of the current board, free of material influence, and autonomous from any other service provider or tax advisory or law firm, bring, through their impartial view, unbiased opinions regarding a company’s business.
Independent non-executive directors challenge and contribute to the development of strategy. They scrutinize the performance in meeting agreed goals and objectives and monitor succession planning. They ensure that financial information is accurate and that financial controls and systems of risk management and standards of conduct are robust and defensible.