board independence

Board independence refers to the extent to which a company's board members are free from influences that could compromise their judgment. Independent directors are not part of the company's management or affiliated with major shareholders, allowing them to objectively oversee and make decisions that protect the interests of all shareholders. This independence helps ensure transparency, accountability, and unbiased oversight of company operations, reducing the risk of conflicts of interest or undue influence by management or insiders. In essence, an independent board promotes good governance by providing impartial judgment and oversight.