Stilpon Nestor

Responsibility and the culture of challenge

‘... if challenge at board level may only occur behind the veil of total anonymity one can reasonably assume that the board is lacking in one of its core duties: productive challenge to the executive. Such “tone at the top” also bodes ill for the culture of the company as a whole. Anonymous slander might thrive more than responsible challenge at all executive levels.’

David W Anderson

Director independence

‘... [another] source of value in director independence comes from the psychology of the directors themselves. Directors who are able to speak up, to offer opinions, raise objections and stand in the face of perceived pressure can fundamentally alter the dynamic and content of board deliberations.’