, Audit & Supervisory Committee Member Outside Audit & Supervisory Board Member Michiko Chiba
The new board of directors as nominated will comprise 11 individuals, seven of whom will be independent outside directors
. An independent outside director
is to be appointed to the role of chairperson of the board.
Though the company does not have to set any particular meeting only for the outside directors
, the current outside directors
and the former ones spontaneously get together during the lunch break at the board meetings on some occasions or gather at one of the outside director
We investigate whether investor reactions to the announcement of a new outside director
appointment significantly depend upon the director's experience in the appointing firm's industry.
"She approached me with her resignation, but said she would resign her post if the family would consider adding a second outside director
. She had witnessed the value that outside directors
bring first-hand and knew that her financial investment in the family business would be in better hands if we added more outside directors
to our mix."
Lawrence Blakeman, an outside director
, was also re-elected as the vice-chair.
In order to determine the values for our independent variables, we first mapped out the social networks of the outside directors
and then computed the centrality measures for each outside director
within their social network.
With regard to board involvement, the study focuses on the impact of outside director
representation on the board together with the level of equity ownership of directors.
2008-32, issued on July 7, 2008, provides additional guidance in determining whether an individual qualifies as an outside director
for purposes of Sec.
As a result of the expanded investment, Dongkuk Steel will become an equity-method subsidiary of JFE Steel, and JFE Steel will seat an outside director
on Dongkuk Steel's board.