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Involvement of independent managers in managing the enterprises, partly owned by the state, is a practice that worked well in the world, professor of management at the British University of Cranfield Murray Steele said in an exclusive interview with BTB TV channel.
Steele believes that outside directors tend to do what is best in the interests of the company, they get control and balancing element for executive directors.
"Portrait of the ideal independent director is a person who believes that the company is properly managed, but he does not manage its on his own ... Such a leader does not have an interest in the financial benefits which he can get from the company. And if you have effective leadership, you have efficient company," Steele said.