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Without external directors, no such transaction could take place.
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Olympus had three external directors, a high number for Japan.
The call for more external directors has also caused agitation.
Inside directors strongly depend on the CEO, whereas external directors can initiate turnaround activities when other governance mechanisms fail (Daily 1996; Johnson et al. 1993).
External directors like Alberto Mielgo for Bullfighter will be tapped to oversee Story Studio projects.
An external-director system became mandatory in South Korea in 1998.
Dr. Maloney wants people to stop smoking without external aids.
But she said that without external pressure, the logjam was unlikely to be broken.
Divisions get fat and inefficient without external competition.
It has bootstrapped without external investment to this point.
The founders have operated without external funding so far.
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