Independent directors destroy value, University of NSW study says

By James Eyers
Updated July 31 2014 - 12:08am, first published July 30 2014 - 6:30pm
Skin in the game brings better results: ASX requirements for independent board directors have been counterproductive, a new study claims. Photo: Peter Braig
Skin in the game brings better results: ASX requirements for independent board directors have been counterproductive, a new study claims. Photo: Peter Braig

Independent board directors have destroyed between $30 billion and $50 billion of shareholder value in the top 200 listed companies on the Australian Securities Exchange over the past decade, according to research co-written by a leading business economist.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Ballarat news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.