Stradley Ronon Partner Jonathan M. Kopcsik discussed with Board IQ recent issues surrounding independent directors and the reclassification at Fairholme Funds of one independent director to an interested director.
"Now you’re sitting in a room with your seven previously independent colleagues and they’re looking at you like you’re part of management," Kopcsik says in the article. "It can create some awkward situations in terms of dynamics of operations of a board."
To read the full article, "At Fairholme Funds, Director Independence in Question," visit Board IQ (subscription required).