Board independence does not require the elimination of all inside directors but it would seem to call for ensuring that a super-majority of board members are truly independent both in fact and appearance.
It is common for there to be a majority of inside directors on independent boards.
mnli hypothesis: It is common for there to be a majority of inside directors on independent boards. premise: Board independence does not require the elimination of all inside directors but it would seem to call for ensuring that a super-majority of board members are truly independent both in fact and appearance.