Alternative Perspectives on Independence of Directors

Niamh Brennan () and Michael McDermott

Open Access publications from Research Repository, University College Dublin

Abstract: This paper examines the issue of independence of boards of directors and non-executive directors of companies listed on the Irish Stock Exchange. Based on information published in annual reports, the study found that most Irish listed companies were complying with the Combined Code’s recommendations for a balanced board structure, albeit with only 60 per cent having majority-independent boards. The study found a lack of consistency in interpreting the definition of “independence”, a lack of disclosure of information and, by applying criteria generally regarded as prerequisite to independence of non-executive directors, certain situations which imposed upon their independence.

Keywords: Director independence; Higgs Report; Irish plcs; Directors of corporations; Corporations--Ireland; Corporate governance--Ireland (search for similar items in EconPapers)
Pages: 12 pages
Date: 2004-07
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Citations: View citations in EconPapers (13)

Published in: Corporate Governance: An International Review, 12(3) 2004-07

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http://hdl.handle.net/10197/3786 Open Access version, 2004 (application/pdf)

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Journal Article: Alternative Perspectives on Independence of Directors (2004)
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