Who’s a ‘qualified director’?

THE article “More training, tighter regulations needed as board directors face ‘increasingly demanding’ role” (The Business Times, Feb 19, 2024) is timely and circumspect. But what exactly the criteria are that determine who meets the mark as a “qualified director” remain vague. At present, the process of pre-qualifying a director appears to lack transparency, particularly in regard to independent directors.  Perhaps the relevant professional bodies and regulators could consider setting up a joint panel to interview each and every proposed appointee for the purpose of certifying the individual’s qualification.

Hwang Soo Jin