The independent directors has become the cornerstone of corporate governance. However, an independent director cannot legally exist as such in France and in some other european countries, unlike in United States. Anglo-saxon and romano germanic law and culture are different. What is permitted in certain countries is not so in others. Based on current french law, it is merely a misleading gimmick. Risks and responsabilities are described in this article.
DELGA, J. (2005). De l'inexistence juridique de l'administrateur indépendant en France aux risques encourus. Cahiers de Droit de l'Entreprise, pp. 40-45.