An Independent Director is a member of the board of directors of a company who does not form part of the executive management team. They are not employees of the company or affiliated with it in any other way and are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company. Typically the duties of an Independent Director are defined and limited by the organizational documents of an entity as well as a separate agreement with the Independent Director.
Our independent director and independent manager personnel have experienced firsthand entities in distress and are familiar with the fiduciary duties of a director in a company that is insolvent or entering the zone of insolvency.