A profile of the non-executive directors of Australia's largest public companies

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Cortese, C. L.; Bowrey, G.
corporate governance; non-executive directors; Business; Social and Behavioral Sciences
lecture / presentation description
This paper presents a profile of the non-executive directors of Australia’s largest public companies. Using descriptive data, it assesses the extent to which these companies adhere to the requirements set down in the Australian Stock Exchange’s Principles of Good Corporate Governance. In particular, board structure and composition is evaluated, and levels of remuneration and independence among non-executive directors are assessed. The paper concludes with a discussion of the need for independence and questions whether competence, among other characteristics, is a more valuable characteristic of a non-executive director than independence.