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Expert Analysis

5 Tips For Independent Directors Of Public Cos.

Law360, New York (July 22, 2013, 1:46 PM EDT) -- Serving as an independent director of a public company or a substantial private company often generates significant professional, psychic and economic rewards. In the heady days following his election, the new director may be forgiven for not anticipating the worst and not thinking ahead to all the problems that may arise. The experience of the last 20 years, however, has made it all too apparent that serving as an outside director brings perils of its own when the company strikes the shoals and starts to take on heavy water....

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