61.  Independent directors are supposed to act as the voice of shareholders.

62.  Independent directors themselves usually select nominees to fill vacancies, and nominees must be voted on by shareholders.

63.  It already formed a special committee of independent directors to study the Apartment Investment bid.

64.  It settled that complaint last year and reorganized itself to add independent directors and strengthen its regulatory staff.

65.  ITT set up a special committee of four independent directors to evaluate bids and complete the auction.

66.  Khodorkovsky also promised that independent directors, including foreigners, will be appointed to the board and that executives will hold frequent meetings with investors.

67.  Last week they recommended changes to the governance rules for listed companies, including a provision that would require independent directors to constitute a majority of boards.

68.  Last month, shareholders approved a nonbinding measure opposed by management that calls for a majority of independent directors, among other things.

69.  Like many Japanese companies, Nomura has no independent directors from outside the company.

70.  Most large companies have a majority of independent directors now, said Patrick McGurn, director of corporate governance at the Investor Responsibility Research Center in Washington.