Daily BriefsESG

Daily Brief ESG: For Outside Directors to Fulfill Duties as Independent Directors—rather than Simply Acting as Guests and more

In today’s briefing:

  • For Outside Directors to Fulfill Duties as Independent Directors—rather than Simply Acting as Guests


For Outside Directors to Fulfill Duties as Independent Directors—rather than Simply Acting as Guests

By Aki Matsumoto

  • While improving board practices may create value, we should assume that key actions can directly impact on value creation, improving value creation can, in turn, influence improvements in board practices.
  • Even if a Board of Directors Secretariat is established, many companies will simply set up such a department as a formality, out of a sense of obligation to follow suit.
  • Outside directors taking the initiative in board meetings is very important. To that end, in companies where outside directors constitute a majority, an outside director should serve as chair.

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