Content-type: text/html KB Version 2

KB Version 2

Independent director

Average score: 0 (total votes: 0)

  1. In general, a director of a corporation who is not an officer, employee or significant stockholder of the corporation and thus can offer truly impartial advice as to the best interests of the shareholders.
  2. In a structured financing, a director who is not an affiliate, officer, director or shareholder of an SPC or SPV. Such an independent director is instructed to vote for a voluntary bankruptcy filing only if it is in the best interests of the SPC or SPV and its creditors.
« Indenture | printable | add bookmark | Investment company »

Printed from http://uccstuff.com?function=display&id=ID090200.