Is independence a reliable proxy for vigilance

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Reference no: EM133937075

Boards of directors listed on both the New York Stock Exchange and Nasdaq must have a majority of independent directors. The exchanges also require that the major board committees (Compensation, Audit and Nominating and Governance) or the individuals performing these functions be independent.

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Is independence a reliable proxy for vigilance? Are directors better directors because they are independent?

Reference no: EM133937075

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