111.  The role that independent directors such as Gates play is to monitor the investment activities of the funds and the roles played by advisers and underwriters.

112.  The role independent directors play is becoming more vital given the budgetary constraints facing the SEC.

113.  The price was approved by a special committee of three independent directors at Rorer, said Rossella Daverio, spokeswoman for the U.S. company.

114.  The Securities and Exchange Commission is reviewing the role of independent directors in setting fees and pressing for fuller disclosure requirements.

115.  The three independent directors then quit the board.

116.  The Toronto exchange has guidelines intended to guarantee independent, outside control of company boards, including the recommendation that an independent director serve as chairman.

117.  The transaction was reviewed by a special committee of independent directors.

118.  They point to a new standard for independent directors, but all three met the standard before it was embraced.

119.  They set their own compensation and select new independent directors when necessary.

120.  Three Haft family members claim to have ousted the Dart Group Corp. board members and replaced them with independent directors.