The independent director takes into account the interests of all stakeholders and avoids conflicts of interest.
The presence of an independent director is indeed a way to strengthen good governance.
Only director mandates of institutional investors are considered.
The independent director attends the meetings of the boards of directors as a non-executive director, in charge not of the daily management but of the supervision thereof with a critical stance and its own expertise.
The independent director participates also in deliberations and discussions concerning different aspects of a pension fund or an investment fund, such as the investment strategy, adequate information en monitoring, the organization of transactions, etc.
The independent director interacts with the other members of the board of directors on basis of professional and legal collective responsibility: for the law recognises only the deliberations and decisions of the board of directors as a body of the legal entity.