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July 8, 2020

warren buffett on director independence

What has Matthew 6:21 to do with director independence?

In his annual letter dated February 28, 2004, to Berkshire Hathaway shareholders, chairman Warren Buffett shared how several institutional shareholders and their advisors decided that he lacked “independence” in his role as a director of Coca-Cola. “…independence is defined in Webster’s as ‘not subject to control by others’,” Mr Buffett said, adding: “I’m puzzled how

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