Senior independent director: Difference between revisions
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The SID needs to be free of any connections that may lead to a conflict of interest, and to have the necessary high degree of independence of character and judgement. | The SID needs to be free of any connections that may lead to a conflict of interest, and to have the necessary high degree of independence of character and judgement. | ||
The SID acts as a sounding board for the chair of the board, and acts as an intermediary for other directors. | The SID acts as a sounding board for the chair of the board, and acts as an intermediary for other directors. | ||
Revision as of 08:55, 2 May 2018
Corporate governance - UK Corporate Governance Code.
(SID).
A senior independent director is an individual from among the independent non-executive directors of a company, under the UK Corporate Governance Code.
The SID needs to be free of any connections that may lead to a conflict of interest, and to have the necessary high degree of independence of character and judgement.
The SID acts as a sounding board for the chair of the board, and acts as an intermediary for other directors.
