Senior independent director: Difference between revisions
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imported>Doug Williamson (Create page. Source: FRC https://www.frc.org.uk/getattachment/fe7a3cc7-e076-4ee4-ad1e-5f6aa91b2159/Proposed-Revisions-to-the-UK-Corporate-Governance-Code-Appendix-B-Dec-2017.pdf) |
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Revision as of 08:53, 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.AC