Board independence refers to the concept of having board members who are free from any conflicts of interest or undue influence. It means that the individuals serving on the board of a company or organization are able to act impartially and make decisions solely in the best interest of the company and its stakeholders. They are not influenced by personal connections, financial gain, or any other external factors. Essentially,
board independence ensures that board members can make objective decisions that benefit the organization as a whole.
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