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"I would like to start by throwing light on the word independence and its importance in corporate governance. The word \u201CIndependence\u201D in the Vedic language showers an opportunity provided to an individual or a group to stand up for his/her rights and put forth any kind of pondering points without the fear of resistance. Independence is a very subjective and relative term used in any scenario and talking specifically about corporate governance it forms the backbone of the extravaganza highlighting the actual functioning of the company. People quote always that a law made with certain regulations will play a major impact on the working discipline of any firm, but I say everything goes for a toss if willingness to interpret things in a well versed manner is not present. The same thing applies to corporate governance in every minute way."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.mbaskool.com/business-articles/human-resource/12255-relevance-of-independence-in-corporate-governance-role-of-independent-directors.html>