someone posted a few days ago that being independent was supposed to be some kind of virtue so shareholders should be unconcerned by the un-invested directors.
IMO independence from conflicting interests is a virtue.
Failing to hold the company's shares is not.
For a larger company like WOW, WES, BHP...it makes sense to have one totally independent director just to give a different perspective. Besides, their board size can accommodate a place for such a person.
A small company with a small board and all the new directors are without any shares in the company.
That is not a good situation at all!
Independence is most valuable when it is free from conflict. Putting your own money into the shares of a small company is not a conflict, it demonstrates confidence.
someone posted a few days ago that being independent was...
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