Corporate governance: Commission urges Member States to ensure a strong role for independent directors
The European Commission has formally invited Member States, through a Commission Recommendation, to reinforce the presence and role of independent non-executive directors on listed companies' boards. Protecting shareholders, employees and the public against potential conflicts of interest, by an independent check on management decisions, is particularly important to restore confidence in financial markets after recent scandals. The Commission has also adopted a Recommendation on directors' remuneration (see IP/04/1183).