Directors of the board of a listed issuer, especially that of independent directors, play a crucial role in the proper governance and commercial success of the company.

Directors have important fiduciary duties

The 2018 Code of Corporate Governance (CG Code) describes in its first Principle that an effective board of a company is one which is “collectively responsible and works with Management for the long-term success of the company.” “Directors are fiduciaries who act objectively in the best interests of the company and hold Management accountable for performance,” the Code adds.

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