An independent director (also sometimes known as an outside director) is a member of a board of directors who does not have a material or pecuniary relationship with company or related persons, except sitting fees. In the United States, independent outsiders make up 66% of all boards and 72% of S&P 500 company boards, according to The Wall Street Journal.[1]
- ^ "Corporate Governance on an International Level" (PDF). Tamkeen Sustainability Advisors. DNA Newsletter. 2010. Archived from the original (PDF) on 20 September 2010.