I must admit that I cannot see reasons that are good enough for increasing the number of non - executives on the boards of listed
This provision leads to a far worse scenario for the companies in question from a business perspective, as the executives, with detailed, finger-on-the-pulse knowledge can easily be outmanoeuvred by non-executives who may not have sufficient understanding of the business and its needs. To move away from Cadbury's requirement of numbers that carry significant weight is taking it a step too far.
Wednesday, October 18, 2006
Why a majority of NEDs on UK boards?
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