NY Times: Intel chairman seeks to give Intel Foundry control to TSMC

[blueone]

The point is that governments around think that public companies, and especially troubled ones, should not be governed by the same people who have material relation to the business. The effect of that policy proves to be usually negative.

That started with USA, and then a few decades back other countries started parroting that.

Nonsense. There is no such regulation in the US. In fact, US BoD members routinely get rather large stock awards annually, giving them a material relationship to the business results just by being appointed to the BoD. In many US corporations the CEO is also the chairman of the BoD, which is not considered excellent practice by business scholars, but it is commonplace.

 

[Paul2]

Nonsense. There is no such regulation in the US. In fact, US BoD members routinely get rather large stock awards annually, giving them a material relationship to the business results just by being appointed to the BoD. In many US corporations the CEO is also the chairman of the BoD, which is not considered excellent practice by business scholars, but it is commonplace.

I mean the practice of appointing independent directors. The 100% independent director staffed board is of course not a norm.