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A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team.
It reviewed the role and effectiveness of non-executive directors and of the audit committee, aiming at improving and strengthening the existing Combined Code. [1] [2] There was widespread unrest after the scandals in the US, involving Enron, WorldCom, and Tyco. The US opted for legislation under the Sarbanes–Oxley Act.
If a firm is a body corporate, the non-executive director function is also the function of acting in the capacity of a person: who is a non-executive director of a parent undertaking or holding company; and; whose decisions or actions are regularly taken into account by the governing body of the firm.
Nasdaq's rules say that an independent director must not be an officer or employee of the company or its subsidiaries or any other individual having a relationship that, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. [4]
The degree to which the President has the power to use executive orders to set policy for independent executive agencies is disputed. [4] Many orders specifically exempt independent agencies, but some do not. [5] Executive Order 12866 has been a particular matter of controversy; it requires cost-benefit analysis for certain regulatory actions ...
It was directed by Trump’s not-yet-confirmed OMB director, Project 2025 co-author Russell Vought, according to Miller and White House officials – raising questions about Vought’s role given ...
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
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