- We look across 7,000 companies in nine Asian markets
- Research tends to support the rationale that higher board independence better protects shareholders’ interests
- India has the highest board independence of 48% compared to the Asian average at 39%, followed by Singapore at 46% and Malaysia at 43%
- Thailand has the largest average board of directors consisting of 11 directors
- It is important to note that different countries have different requirements in terms of board independence; it seems to correlate that Philippines and Taiwan are also the markets with the weakest requirements
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