How is an outside directors independence different from that of other institution directors?
Outside directors must maintain independence from prohibited affiliations with the System to retain their standing as an outside director. Prohibited affiliations include serving as an officer, employee, director, agent, or stockholder in any System institution. (This does not prohibit an outside director from serving a consecutive term in the same institution.
Related Questions
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- How is an outside directors independence different from that of other institution directors?
