Recently, a materially revised Chapter 11 restructuring plan of reorganization was negotiated, in part, by a purportedly independent special committee of the board of Purdue Pharma LP. [1] In the ...

Independence Hall in Philadelphia. When it comes to public companies, there is need for a better definition of "independent" directors. Corporate governance relates to the policies and practices that ...

Independent directors exist to do one simple but vital job: act as honest, informed watchdogs for shareholders and the public. Their legal and fiduciary responsibilities include overseeing management, ...

A closer look at the proposed new Securities and Exchange Commission rule on duration of term and term limit of independent directors Securities and Exchange Commission (SEC) Chair Francisco Ed. Lim ...