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Greater independence of non-executive board directors is certainly desirable.
So six of the 11 main board directors are new.
In some groups, several ministries would each appoint board directors, prompting turf battles.
A committee of board directors hired Raine Securities as adviser and Kaye Scholer as counsel.
At Disney, two board directors resigned, both fuming at the firm's long-time boss, Michael Eisner.
Only 28% of main board directors are genuinely independent, against 80% in America.
Why isn't the regulator taking action against the board directors or the non-executives?
A bipartisan group of 12 election board directors and deputy directors acted as advisers.
Payouts to board directors need to be finalised by the publication of annual reports in April.
Neither should companies hand out "retention awards" to main board directors, as "they rarely work".
At present only board directors' pay deals have to be revealed in the company's annual report.
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