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NED independence compromised or not?

This topic has 1 reply, 2 voices, and was last updated 10 months ago by Ken Garrett.

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March 31, 2022 at 6:21 am #652355
Noah098
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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
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The NED has a financial relationship with the company (other than the NED fee) so that will compromise independence.
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