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Independent Director: Roles, Qualification, and Corporate Governance

Peak Frameworks

Audit Committee: Independence is crucial here as this committee oversees the company's financial reporting process. For example, the audit committee of General Motors, composed entirely of independent directors, ensures the integrity of their financial statements.

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What is a Subsidiary Company? (Structure, Pros and Considerations)

Peak Frameworks

in 2015 led to Google becoming a wholly-owned subsidiary while allowing other businesses to operate separately. Advantages of Having a Subsidiary Risk Management Subsidiaries can isolate liabilities, ensuring that financial or legal issues in one entity don't impact others.