RIS ID
19837
Abstract
This paper presents a profile of non-executive directors of Australia’s largest public companies. Using descriptive data, it assesses the extent to which these companies adhere to the requirements set down in the Australian Stock Exchange’s Principles of Good Corporate Governance. In relation to these profiles, the generic roles of non-executive directors are discussed and evaluated in terms of their actual and perceived independence from management. The paper concludes with an examination of the need for independence and questions whether competence, among other characteristics, is a more valuable characteristic of a non-executive director than independence.
Publication Details
This paper was originally published as Cortesse, C, Profiling non-executive directors in Australia, in Proceedings of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) conference, 1-3 July 2007, Queensland, Australia.