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Independent isn't necessarily better. Why appointing independent directors can achieve little

  • Written by: Roman Lanis, Associate Professor, Accounting, University of Technology Sydney
Independent isn't necessarily better. Why appointing independent directors can achieve littleIndependent directors are sought out for qualities other than ethics.Shutterstock

An insurance company has been ripping off its clients. A bank has been lending without properly assessing ability to repay. Trustees of a super fund have been putting the interests of its owner ahead of those of the members they are sworn to protect.

All of these...

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