ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

NED independence compromised or not?

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
March 31, 2022 at 6:21 am #652355
Noah098
Member
- Topics: 935
- Replies: 352
One of the NEDs of XYZ co runs a specialist consultancy company. She has received separate fees from her consultancy company for providing consultancy advice to the company in which she is NED. Does this compromise the independence of the NED or not?
March 31, 2022 at 6:37 am #652365
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
The NED has a financial relationship with the company (other than the NED fee) so that will compromise independence.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.