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Independent Director: ''An independent director is a member of the board of directors who (1) do not have a material relationship with the company, (2) is not part of the company's executive team, and (3) is not involved with the day-to-day operations of the company. (Corporate Finance Institute)
Gerry Brown feels , Andrew Kakabadse and Filipe Morais feel that the relationship between the executive members of boards and the independent directors (formerly known as non-executive directors), trustees or governors of organisations is frequently unbalanced. The function of the independent director is to have general oversight of the executive side of the board - to spot when and where things are going wrong - but all too often the relationship is too cosy, too antagonistic or the independent director lacks the knowledge and/or experience to understand what's happening or to know how to intervene. Covid-19 has highlighted the ''failings and weaknesses of leadership and governance'' and you might be tempted to think that these are extraordinary times and that all will be well once we get back to 'normal' but a pandemic was predicted and modelled in the past and there has been a general failure to prepare for what has happened - and is still happening.
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