The board of directors consists of two representatives appointed by each Union and an independent chairman.

Funds will also be required to have independent chairmen, a code of ethics and a chief compliance officer.

We will set up a Task Force - headed by an independent chairman - to help bring empty government residential properties back into use.

This was to have one member from each government party and an independent chairman.

The commission has said it will meet next Wednesday to reconsider the rule requiring each mutual fund to have an independent chairman.

There is no legal provision for an independent chairman, 50 per cent.

Even a truly "independent" chairman cannot act alone.

The company plans to add an independent nonexecutive chairman, and expand its board to include outsiders.

The investors had some radical notions, like one that said boards should be run by an independent chairman.

Since the trading scandals, many fund companies have installed independent chairmen.