(Solved):A board member who has no direct financial ties to the firm is called what kind of board member?…

 

Question

A board member who has no direct financial ties to the firm is called what kind of board member?

a. non-financial

b. indirect

c. outside

d. non-supportive

 

EXPERT ANSWER

The answer is c. outside. A board member who has no direct financial ties to the firm is also said to be independent. This contracts with one that has financial ties to the firm. Examples of financial ties include employment, a supplier relationship, or

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