Editing Independent board
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An '''independent board''' of advisors and/or directors is one of the requirements to legally take charitable contributions in many countries. All large charities have one. They are absolutely necessary to attract any major donor. | An '''independent board''' of advisors and/or directors is one of the requirements to legally take charitable contributions in many countries. All large charities have one. They are absolutely necessary to attract any major donor. | ||
Private sector companies that are publicly traded also require such boards. "Currently, in India and the UK, the Listing Agreement and the City Code provide that non-executive directors should be independent of management and free from any business or other relationship which could interfere with the exercise of their independent judgement, leaving the board to identify the parameters, which leaves the issue open-ended." [http://fecolumnists.expressindia.com/full_column.php?content_id=28785 a call for independent board members in the Financial Express of India] which goes on to document the [[w:Higgs and Naresh Chandra Committee]] in India which: | Private sector companies that are publicly traded also require such boards. "Currently, in India and the UK, the Listing Agreement and the City Code provide that non-executive directors should be independent of management and free from any business or other relationship which could interfere with the exercise of their independent judgement, leaving the board to identify the parameters, which leaves the issue open-ended." [http://fecolumnists.expressindia.com/full_column.php?content_id=28785 a call for independent board members in the Financial Express of India] which goes on to document the [[w:Higgs and Naresh Chandra Committee]] in India which: |