Abstract
What constitutes the excellence of a board of directors? Based on experience and extensive study, L C Gupta enumerates for this Perspectives piece eight attributes as constituting the excellence of a board.
The first as well as the most important attribute, according to him, is independence—independence of board members from control of managerial interests of a person, family, or a group. In addition to describing the eight attributes, Gupta points out the approach taken in the US and the UK to ensure independent functioning of the board.
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