id	sid	tid	token	lemma	pos
fbem-14880	1	1	frontiers	frontier	NOUN
fbem-14880	1	2	in	in	ADP
fbem-14880	1	3	business	business	NOUN
fbem-14880	1	4	,	,	PUNCT
fbem-14880	1	5	economics	economic	NOUN
fbem-14880	1	6	and	and	CCONJ
fbem-14880	1	7	management	management	NOUN
fbem-14880	1	8	issn	issn	PROPN
fbem-14880	1	9	:	:	PUNCT
fbem-14880	1	10	2766	2766	NUM
fbem-14880	1	11	-	-	PUNCT
fbem-14880	1	12	824x	824x	NUM
fbem-14880	1	13	|	|	ADJ
fbem-14880	1	14	vol	vol	NOUN
fbem-14880	1	15	.	.	PROPN
fbem-14880	2	1	12	12	NUM
fbem-14880	2	2	,	,	PUNCT
fbem-14880	2	3	no	no	INTJ
fbem-14880	2	4	.	.	NOUN
fbem-14880	2	5	2	2	NUM
fbem-14880	2	6	,	,	PUNCT
fbem-14880	2	7	2023	2023	NUM
fbem-14880	2	8	199	199	NUM
fbem-14880	2	9	independent	independent	ADJ
fbem-14880	2	10	directors	director	NOUN
fbem-14880	2	11	in	in	ADP
fbem-14880	2	12	ensuring	ensure	VERB
fbem-14880	2	13	good	good	ADJ
fbem-14880	2	14	corporate	corporate	ADJ
fbem-14880	2	15	governance	governance	NOUN
fbem-14880	2	16	jiaqi	jiaqi	PROPN
fbem-14880	2	17	li	li	PROPN
fbem-14880	2	18	school	school	PROPN
fbem-14880	2	19	of	of	ADP
fbem-14880	2	20	law	law	NOUN
fbem-14880	2	21	,	,	PUNCT
fbem-14880	2	22	university	university	NOUN
fbem-14880	2	23	of	of	ADP
fbem-14880	2	24	leeds	leed	NOUN
fbem-14880	2	25	,	,	PUNCT
fbem-14880	2	26	leeds	leed	NOUN
fbem-14880	2	27	,	,	PUNCT
fbem-14880	2	28	united	united	ADJ
fbem-14880	2	29	kingdom	kingdom	PROPN
fbem-14880	2	30	abstract	abstract	PROPN
fbem-14880	2	31	:	:	PUNCT
fbem-14880	2	32	this	this	DET
fbem-14880	2	33	essay	essay	NOUN
fbem-14880	2	34	primarily	primarily	ADV
fbem-14880	2	35	analyses	analyse	VERB
fbem-14880	2	36	the	the	DET
fbem-14880	2	37	role	role	NOUN
fbem-14880	2	38	of	of	ADP
fbem-14880	2	39	independent	independent	ADJ
fbem-14880	2	40	directors	director	NOUN
fbem-14880	2	41	in	in	ADP
fbem-14880	2	42	ensuring	ensure	VERB
fbem-14880	2	43	good	good	ADJ
fbem-14880	2	44	corporate	corporate	ADJ
fbem-14880	2	45	governance	governance	NOUN
fbem-14880	2	46	.	.	PUNCT
fbem-14880	3	1	this	this	PRON
fbem-14880	3	2	will	will	AUX
fbem-14880	3	3	begin	begin	VERB
fbem-14880	3	4	by	by	ADP
fbem-14880	3	5	analysing	analyse	VERB
fbem-14880	3	6	the	the	DET
fbem-14880	3	7	concept	concept	NOUN
fbem-14880	3	8	of	of	ADP
fbem-14880	3	9	an	an	DET
fbem-14880	3	10	independent	independent	ADJ
fbem-14880	3	11	director	director	NOUN
fbem-14880	3	12	and	and	CCONJ
fbem-14880	3	13	the	the	DET
fbem-14880	3	14	two	two	NUM
fbem-14880	3	15	roles	role	NOUN
fbem-14880	3	16	of	of	ADP
fbem-14880	3	17	an	an	DET
fbem-14880	3	18	independent	independent	ADJ
fbem-14880	3	19	director	director	NOUN
fbem-14880	3	20	in	in	ADP
fbem-14880	3	21	a	a	DET
fbem-14880	3	22	broad	broad	ADJ
fbem-14880	3	23	sense	sense	NOUN
fbem-14880	3	24	.	.	PUNCT
fbem-14880	4	1	after	after	ADP
fbem-14880	4	2	that	that	PRON
fbem-14880	4	3	,	,	PUNCT
fbem-14880	4	4	the	the	DET
fbem-14880	4	5	paper	paper	NOUN
fbem-14880	4	6	explains	explain	VERB
fbem-14880	4	7	why	why	SCONJ
fbem-14880	4	8	independent	independent	ADJ
fbem-14880	4	9	directors	director	NOUN
fbem-14880	4	10	sometimes	sometimes	ADV
fbem-14880	4	11	fail	fail	VERB
fbem-14880	4	12	to	to	PART
fbem-14880	4	13	achieve	achieve	VERB
fbem-14880	4	14	the	the	DET
fbem-14880	4	15	desired	desire	VERB
fbem-14880	4	16	results	result	NOUN
fbem-14880	4	17	of	of	ADP
fbem-14880	4	18	promoting	promote	VERB
fbem-14880	4	19	good	good	ADJ
fbem-14880	4	20	corporate	corporate	ADJ
fbem-14880	4	21	governance	governance	NOUN
fbem-14880	4	22	from	from	ADP
fbem-14880	4	23	two	two	NUM
fbem-14880	4	24	perspectives	perspective	NOUN
fbem-14880	4	25	.	.	PUNCT
fbem-14880	5	1	in	in	ADP
fbem-14880	5	2	addition	addition	NOUN
fbem-14880	5	3	to	to	ADP
fbem-14880	5	4	these	these	DET
fbem-14880	5	5	theoretical	theoretical	ADJ
fbem-14880	5	6	analyses	analysis	NOUN
fbem-14880	5	7	,	,	PUNCT
fbem-14880	5	8	this	this	DET
fbem-14880	5	9	essay	essay	NOUN
fbem-14880	5	10	also	also	ADV
fbem-14880	5	11	analyses	analyse	VERB
fbem-14880	5	12	the	the	DET
fbem-14880	5	13	practical	practical	ADJ
fbem-14880	5	14	effects	effect	NOUN
fbem-14880	5	15	.	.	PUNCT
fbem-14880	6	1	this	this	DET
fbem-14880	6	2	essay	essay	NOUN
fbem-14880	6	3	analyses	analyse	VERB
fbem-14880	6	4	the	the	DET
fbem-14880	6	5	practical	practical	ADJ
fbem-14880	6	6	effects	effect	NOUN
fbem-14880	6	7	of	of	ADP
fbem-14880	6	8	the	the	DET
fbem-14880	6	9	independent	independent	ADJ
fbem-14880	6	10	director	director	NOUN
fbem-14880	6	11	system	system	NOUN
fbem-14880	6	12	in	in	ADP
fbem-14880	6	13	the	the	DET
fbem-14880	6	14	uk	uk	PROPN
fbem-14880	6	15	,	,	PUNCT
fbem-14880	6	16	the	the	DET
fbem-14880	6	17	us	us	PROPN
fbem-14880	6	18	and	and	CCONJ
fbem-14880	6	19	india	india	PROPN
fbem-14880	6	20	and	and	CCONJ
fbem-14880	6	21	it	it	PRON
fbem-14880	6	22	analyses	analyse	VERB
fbem-14880	6	23	what	what	PRON
fbem-14880	6	24	problems	problem	NOUN
fbem-14880	6	25	independent	independent	ADJ
fbem-14880	6	26	directors	director	NOUN
fbem-14880	6	27	have	have	AUX
fbem-14880	6	28	been	be	AUX
fbem-14880	6	29	used	use	VERB
fbem-14880	6	30	to	to	PART
fbem-14880	6	31	solve	solve	VERB
fbem-14880	6	32	in	in	ADP
fbem-14880	6	33	different	different	ADJ
fbem-14880	6	34	countries	country	NOUN
fbem-14880	6	35	.	.	PUNCT
fbem-14880	7	1	in	in	ADP
fbem-14880	7	2	conclusion	conclusion	NOUN
fbem-14880	7	3	,	,	PUNCT
fbem-14880	7	4	this	this	DET
fbem-14880	7	5	paper	paper	NOUN
fbem-14880	7	6	argues	argue	VERB
fbem-14880	7	7	that	that	SCONJ
fbem-14880	7	8	factors	factor	NOUN
fbem-14880	7	9	such	such	ADJ
fbem-14880	7	10	as	as	ADP
fbem-14880	7	11	different	different	ADJ
fbem-14880	7	12	countries	country	NOUN
fbem-14880	7	13	and	and	CCONJ
fbem-14880	7	14	different	different	ADJ
fbem-14880	7	15	corporate	corporate	ADJ
fbem-14880	7	16	structures	structure	NOUN
fbem-14880	7	17	need	need	VERB
fbem-14880	7	18	to	to	PART
fbem-14880	7	19	be	be	AUX
fbem-14880	7	20	taken	take	VERB
fbem-14880	7	21	into	into	ADP
fbem-14880	7	22	account	account	NOUN
fbem-14880	7	23	when	when	SCONJ
fbem-14880	7	24	analysing	analyse	VERB
fbem-14880	7	25	whether	whether	SCONJ
fbem-14880	7	26	independent	independent	ADJ
fbem-14880	7	27	directors	director	NOUN
fbem-14880	7	28	can	can	AUX
fbem-14880	7	29	ensure	ensure	VERB
fbem-14880	7	30	good	good	ADJ
fbem-14880	7	31	corporate	corporate	ADJ
fbem-14880	7	32	governance	governance	NOUN
fbem-14880	7	33	.	.	PUNCT
fbem-14880	8	1	keywords	keyword	NOUN
fbem-14880	8	2	:	:	PUNCT
fbem-14880	8	3	independent	independent	ADJ
fbem-14880	8	4	director	director	NOUN
fbem-14880	8	5	,	,	PUNCT
fbem-14880	8	6	corporate	corporate	ADJ
fbem-14880	8	7	governance	governance	NOUN
fbem-14880	8	8	,	,	PUNCT
fbem-14880	8	9	integrity	integrity	NOUN
fbem-14880	8	10	,	,	PUNCT
fbem-14880	8	11	wealth	wealth	NOUN
fbem-14880	8	12	maximization	maximization	PROPN
fbem-14880	8	13	task	task	NOUN
fbem-14880	8	14	.	.	PROPN
fbem-14880	9	1	1	1	NUM
fbem-14880	9	2	.	.	X
fbem-14880	9	3	introduction	introduction	NOUN
fbem-14880	9	4	as	as	ADP
fbem-14880	9	5	corporate	corporate	ADJ
fbem-14880	9	6	governance	governance	NOUN
fbem-14880	9	7	theory	theory	NOUN
fbem-14880	9	8	continues	continue	VERB
fbem-14880	9	9	to	to	PART
fbem-14880	9	10	improve	improve	VERB
fbem-14880	9	11	,	,	PUNCT
fbem-14880	9	12	the	the	DET
fbem-14880	9	13	role	role	NOUN
fbem-14880	9	14	of	of	ADP
fbem-14880	9	15	the	the	DET
fbem-14880	9	16	independent	independent	ADJ
fbem-14880	9	17	director	director	NOUN
fbem-14880	9	18	continues	continue	VERB
fbem-14880	9	19	to	to	PART
fbem-14880	9	20	evolve	evolve	VERB
fbem-14880	9	21	.	.	PUNCT
fbem-14880	10	1	this	this	DET
fbem-14880	10	2	essay	essay	NOUN
fbem-14880	10	3	begins	begin	VERB
fbem-14880	10	4	with	with	ADP
fbem-14880	10	5	a	a	DET
fbem-14880	10	6	theoretical	theoretical	ADJ
fbem-14880	10	7	analysis	analysis	NOUN
fbem-14880	10	8	of	of	ADP
fbem-14880	10	9	the	the	DET
fbem-14880	10	10	concept	concept	NOUN
fbem-14880	10	11	of	of	ADP
fbem-14880	10	12	the	the	DET
fbem-14880	10	13	independent	independent	ADJ
fbem-14880	10	14	director	director	NOUN
fbem-14880	10	15	and	and	CCONJ
fbem-14880	10	16	the	the	DET
fbem-14880	10	17	two	two	NUM
fbem-14880	10	18	roles	role	NOUN
fbem-14880	10	19	of	of	ADP
fbem-14880	10	20	the	the	DET
fbem-14880	10	21	independent	independent	ADJ
fbem-14880	10	22	director	director	NOUN
fbem-14880	10	23	in	in	ADP
fbem-14880	10	24	a	a	DET
fbem-14880	10	25	broad	broad	ADJ
fbem-14880	10	26	sense	sense	NOUN
fbem-14880	10	27	,	,	PUNCT
fbem-14880	10	28	namely	namely	ADV
fbem-14880	10	29	the	the	DET
fbem-14880	10	30	regulatory	regulatory	ADJ
fbem-14880	10	31	role	role	NOUN
fbem-14880	10	32	and	and	CCONJ
fbem-14880	10	33	the	the	DET
fbem-14880	10	34	wealth	wealth	NOUN
fbem-14880	10	35	maximization	maximization	NOUN
fbem-14880	10	36	role	role	NOUN
fbem-14880	10	37	.	.	PUNCT
fbem-14880	11	1	in	in	ADP
fbem-14880	11	2	analyzing	analyze	VERB
fbem-14880	11	3	the	the	DET
fbem-14880	11	4	role	role	NOUN
fbem-14880	11	5	of	of	ADP
fbem-14880	11	6	the	the	DET
fbem-14880	11	7	independent	independent	ADJ
fbem-14880	11	8	director	director	NOUN
fbem-14880	11	9	,	,	PUNCT
fbem-14880	11	10	the	the	DET
fbem-14880	11	11	essay	essay	NOUN
fbem-14880	11	12	analyses	analyse	VERB
fbem-14880	11	13	the	the	DET
fbem-14880	11	14	relationship	relationship	NOUN
fbem-14880	11	15	between	between	ADP
fbem-14880	11	16	the	the	DET
fbem-14880	11	17	independent	independent	ADJ
fbem-14880	11	18	director	director	NOUN
fbem-14880	11	19	and	and	CCONJ
fbem-14880	11	20	corporate	corporate	ADJ
fbem-14880	11	21	governance	governance	NOUN
fbem-14880	11	22	and	and	CCONJ
fbem-14880	11	23	the	the	DET
fbem-14880	11	24	factors	factor	NOUN
fbem-14880	11	25	that	that	PRON
fbem-14880	11	26	influence	influence	VERB
fbem-14880	11	27	the	the	DET
fbem-14880	11	28	exercise	exercise	NOUN
fbem-14880	11	29	of	of	ADP
fbem-14880	11	30	the	the	DET
fbem-14880	11	31	independent	independent	ADJ
fbem-14880	11	32	director	director	NOUN
fbem-14880	11	33	's	's	PART
fbem-14880	11	34	functions	function	NOUN
fbem-14880	11	35	,	,	PUNCT
fbem-14880	11	36	which	which	PRON
fbem-14880	11	37	explains	explain	VERB
fbem-14880	11	38	why	why	SCONJ
fbem-14880	11	39	sometimes	sometimes	ADV
fbem-14880	11	40	the	the	DET
fbem-14880	11	41	independent	independent	ADJ
fbem-14880	11	42	director	director	NOUN
fbem-14880	11	43	fails	fail	VERB
fbem-14880	11	44	to	to	PART
fbem-14880	11	45	achieve	achieve	VERB
fbem-14880	11	46	the	the	DET
fbem-14880	11	47	desired	desire	VERB
fbem-14880	11	48	outcome	outcome	NOUN
fbem-14880	11	49	of	of	ADP
fbem-14880	11	50	promoting	promote	VERB
fbem-14880	11	51	good	good	ADJ
fbem-14880	11	52	corporate	corporate	ADJ
fbem-14880	11	53	governance	governance	NOUN
fbem-14880	11	54	.	.	PUNCT
fbem-14880	12	1	secondly	secondly	ADV
fbem-14880	12	2	,	,	PUNCT
fbem-14880	12	3	the	the	DET
fbem-14880	12	4	essay	essay	NOUN
fbem-14880	12	5	analyses	analyse	VERB
fbem-14880	12	6	the	the	DET
fbem-14880	12	7	effects	effect	NOUN
fbem-14880	12	8	of	of	ADP
fbem-14880	12	9	independent	independent	ADJ
fbem-14880	12	10	directors	director	NOUN
fbem-14880	12	11	in	in	ADP
fbem-14880	12	12	practice	practice	NOUN
fbem-14880	12	13	in	in	ADP
fbem-14880	12	14	different	different	ADJ
fbem-14880	12	15	countries	country	NOUN
fbem-14880	12	16	.	.	PUNCT
fbem-14880	13	1	while	while	SCONJ
fbem-14880	13	2	independent	independent	ADJ
fbem-14880	13	3	directors	director	NOUN
fbem-14880	13	4	in	in	ADP
fbem-14880	13	5	the	the	DET
fbem-14880	13	6	uk	uk	PROPN
fbem-14880	13	7	and	and	CCONJ
fbem-14880	13	8	the	the	DET
fbem-14880	13	9	us	us	PROPN
fbem-14880	13	10	were	be	AUX
fbem-14880	13	11	created	create	VERB
fbem-14880	13	12	to	to	PART
fbem-14880	13	13	address	address	VERB
fbem-14880	13	14	the	the	DET
fbem-14880	13	15	manager	manager	NOUN
fbem-14880	13	16	-	-	PUNCT
fbem-14880	13	17	shareholder	shareholder	NOUN
fbem-14880	13	18	agency	agency	NOUN
fbem-14880	13	19	problem	problem	NOUN
fbem-14880	13	20	in	in	ADP
fbem-14880	13	21	accordance	accordance	NOUN
fbem-14880	13	22	with	with	ADP
fbem-14880	13	23	the	the	DET
fbem-14880	13	24	structure	structure	NOUN
fbem-14880	13	25	of	of	ADP
fbem-14880	13	26	their	their	PRON
fbem-14880	13	27	companies	company	NOUN
fbem-14880	13	28	,	,	PUNCT
fbem-14880	13	29	independent	independent	ADJ
fbem-14880	13	30	directors	director	NOUN
fbem-14880	13	31	in	in	ADP
fbem-14880	13	32	india	india	PROPN
fbem-14880	13	33	face	face	VERB
fbem-14880	13	34	a	a	DET
fbem-14880	13	35	different	different	ADJ
fbem-14880	13	36	corporate	corporate	ADJ
fbem-14880	13	37	structure	structure	NOUN
fbem-14880	13	38	and	and	CCONJ
fbem-14880	13	39	a	a	DET
fbem-14880	13	40	different	different	ADJ
fbem-14880	13	41	approach	approach	NOUN
fbem-14880	13	42	to	to	ADP
fbem-14880	13	43	the	the	DET
fbem-14880	13	44	appointment	appointment	NOUN
fbem-14880	13	45	of	of	ADP
fbem-14880	13	46	independent	independent	ADJ
fbem-14880	13	47	directors	director	NOUN
fbem-14880	13	48	,	,	PUNCT
fbem-14880	13	49	and	and	CCONJ
fbem-14880	13	50	this	this	DET
fbem-14880	13	51	paper	paper	NOUN
fbem-14880	13	52	analyses	analyse	VERB
fbem-14880	13	53	whether	whether	SCONJ
fbem-14880	13	54	independent	independent	ADJ
fbem-14880	13	55	directors	director	NOUN
fbem-14880	13	56	in	in	ADP
fbem-14880	13	57	india	india	PROPN
fbem-14880	13	58	have	have	AUX
fbem-14880	13	59	contributed	contribute	VERB
fbem-14880	13	60	to	to	ADP
fbem-14880	13	61	good	good	ADJ
fbem-14880	13	62	corporate	corporate	ADJ
fbem-14880	13	63	governance	governance	NOUN
fbem-14880	14	1	[	[	X
fbem-14880	14	2	1	1	NUM
fbem-14880	14	3	]	]	PUNCT
fbem-14880	14	4	.	.	PUNCT
fbem-14880	15	1	2	2	X
fbem-14880	15	2	.	.	X
fbem-14880	15	3	the	the	DET
fbem-14880	15	4	concept	concept	NOUN
fbem-14880	15	5	of	of	ADP
fbem-14880	15	6	independent	independent	ADJ
fbem-14880	15	7	directors	director	NOUN
fbem-14880	15	8	the	the	DET
fbem-14880	15	9	institution	institution	NOUN
fbem-14880	15	10	of	of	ADP
fbem-14880	15	11	the	the	DET
fbem-14880	15	12	independent	independent	ADJ
fbem-14880	15	13	director	director	NOUN
fbem-14880	15	14	originated	originate	VERB
fbem-14880	15	15	in	in	ADP
fbem-14880	15	16	the	the	DET
fbem-14880	15	17	united	united	PROPN
fbem-14880	15	18	states	states	PROPN
fbem-14880	15	19	in	in	ADP
fbem-14880	15	20	the	the	DET
fbem-14880	15	21	1950s	1950	NOUN
fbem-14880	15	22	,	,	PUNCT
fbem-14880	15	23	when	when	SCONJ
fbem-14880	15	24	the	the	DET
fbem-14880	15	25	collapse	collapse	NOUN
fbem-14880	15	26	of	of	ADP
fbem-14880	15	27	major	major	ADJ
fbem-14880	15	28	corporations	corporation	NOUN
fbem-14880	15	29	such	such	ADJ
fbem-14880	15	30	as	as	ADP
fbem-14880	15	31	enron	enron	PROPN
fbem-14880	15	32	corp	corp	PROPN
fbem-14880	15	33	.	.	PROPN
fbem-14880	15	34	was	be	AUX
fbem-14880	15	35	a	a	DET
fbem-14880	15	36	measure	measure	NOUN
fbem-14880	15	37	of	of	ADP
fbem-14880	15	38	whether	whether	SCONJ
fbem-14880	15	39	a	a	DET
fbem-14880	15	40	company	company	NOUN
fbem-14880	15	41	was	be	AUX
fbem-14880	15	42	well	well	ADV
fbem-14880	15	43	governed	govern	VERB
fbem-14880	15	44	.	.	PUNCT
fbem-14880	16	1	it	it	PRON
fbem-14880	16	2	was	be	AUX
fbem-14880	16	3	not	not	PART
fbem-14880	16	4	initially	initially	ADV
fbem-14880	16	5	prescribed	prescribe	VERB
fbem-14880	16	6	by	by	ADP
fbem-14880	16	7	law	law	NOUN
fbem-14880	16	8	and	and	CCONJ
fbem-14880	16	9	has	have	AUX
fbem-14880	16	10	only	only	ADV
fbem-14880	16	11	since	since	SCONJ
fbem-14880	16	12	been	be	AUX
fbem-14880	16	13	made	make	VERB
fbem-14880	16	14	legally	legally	ADV
fbem-14880	16	15	compulsory	compulsory	ADJ
fbem-14880	16	16	.	.	PUNCT
fbem-14880	17	1	on	on	ADP
fbem-14880	17	2	30	30	NUM
fbem-14880	17	3	july	july	PROPN
fbem-14880	17	4	2002	2002	NUM
fbem-14880	17	5	,	,	PUNCT
fbem-14880	17	6	president	president	PROPN
fbem-14880	17	7	bush	bush	PROPN
fbem-14880	17	8	signed	sign	VERB
fbem-14880	17	9	the	the	DET
fbem-14880	17	10	sarbanes	sarbanes	PROPN
fbem-14880	17	11	-	-	PUNCT
fbem-14880	17	12	oxley	oxley	ADJ
fbem-14880	17	13	act	act	NOUN
fbem-14880	17	14	of	of	ADP
fbem-14880	17	15	2002	2002	NUM
fbem-14880	17	16	(	(	PUNCT
fbem-14880	17	17	soa	soa	PROPN
fbem-14880	17	18	)	)	PUNCT
fbem-14880	17	19	.	.	PUNCT
fbem-14880	18	1	the	the	DET
fbem-14880	18	2	sarbanes	sarbanes	PROPN
fbem-14880	18	3	-	-	PUNCT
fbem-14880	18	4	oxley	oxley	ADJ
fbem-14880	18	5	act	act	NOUN
fbem-14880	18	6	contains	contain	VERB
fbem-14880	18	7	a	a	DET
fbem-14880	18	8	few	few	ADJ
fbem-14880	18	9	reforms	reform	NOUN
fbem-14880	18	10	aimed	aim	VERB
fbem-14880	18	11	at	at	ADP
fbem-14880	18	12	protecting	protect	VERB
fbem-14880	18	13	investors	investor	NOUN
fbem-14880	18	14	,	,	PUNCT
fbem-14880	18	15	with	with	ADP
fbem-14880	18	16	policies	policy	NOUN
fbem-14880	18	17	primarily	primarily	ADV
fbem-14880	18	18	concerned	concerned	ADJ
fbem-14880	18	19	with	with	ADP
fbem-14880	18	20	improving	improve	VERB
fbem-14880	18	21	the	the	DET
fbem-14880	18	22	accuracy	accuracy	NOUN
fbem-14880	18	23	and	and	CCONJ
fbem-14880	18	24	reliability	reliability	NOUN
fbem-14880	18	25	of	of	ADP
fbem-14880	18	26	corporate	corporate	ADJ
fbem-14880	18	27	disclosures	disclosure	NOUN
fbem-14880	18	28	.	.	PUNCT
fbem-14880	19	1	one	one	NUM
fbem-14880	19	2	such	such	ADJ
fbem-14880	19	3	reform	reform	NOUN
fbem-14880	19	4	is	be	AUX
fbem-14880	19	5	the	the	DET
fbem-14880	19	6	provision	provision	NOUN
fbem-14880	19	7	on	on	ADP
fbem-14880	19	8	independent	independent	ADJ
fbem-14880	19	9	directors	director	NOUN
fbem-14880	19	10	,	,	PUNCT
fbem-14880	19	11	which	which	PRON
fbem-14880	19	12	requires	require	VERB
fbem-14880	19	13	companies	company	NOUN
fbem-14880	19	14	listed	list	VERB
fbem-14880	19	15	on	on	ADP
fbem-14880	19	16	major	major	ADJ
fbem-14880	19	17	stock	stock	NOUN
fbem-14880	19	18	exchanges	exchange	NOUN
fbem-14880	19	19	to	to	PART
fbem-14880	19	20	maintain	maintain	VERB
fbem-14880	19	21	audit	audit	NOUN
fbem-14880	19	22	committees	committee	NOUN
fbem-14880	19	23	composed	compose	VERB
fbem-14880	19	24	entirely	entirely	ADV
fbem-14880	19	25	of	of	ADP
fbem-14880	19	26	outside	outside	ADJ
fbem-14880	19	27	independent	independent	ADJ
fbem-14880	19	28	directors	director	NOUN
fbem-14880	19	29	[	[	X
fbem-14880	19	30	2	2	NUM
fbem-14880	19	31	]	]	PUNCT
fbem-14880	19	32	.	.	PUNCT
fbem-14880	20	1	independent	independent	ADJ
fbem-14880	20	2	directors	director	NOUN
fbem-14880	20	3	have	have	AUX
fbem-14880	20	4	only	only	ADV
fbem-14880	20	5	since	since	SCONJ
fbem-14880	20	6	become	become	VERB
fbem-14880	20	7	more	more	ADV
fbem-14880	20	8	prominent	prominent	ADJ
fbem-14880	20	9	due	due	ADP
fbem-14880	20	10	to	to	ADP
fbem-14880	20	11	the	the	DET
fbem-14880	20	12	continued	continue	VERB
fbem-14880	20	13	efforts	effort	NOUN
fbem-14880	20	14	of	of	ADP
fbem-14880	20	15	the	the	DET
fbem-14880	20	16	delaware	delaware	PROPN
fbem-14880	20	17	courts	courts	PROPN
fbem-14880	20	18	and	and	CCONJ
fbem-14880	20	19	stock	stock	NOUN
fbem-14880	20	20	exchanges	exchange	NOUN
fbem-14880	20	21	in	in	ADP
fbem-14880	20	22	respecting	respect	VERB
fbem-14880	20	23	independent	independent	ADJ
fbem-14880	20	24	board	board	NOUN
fbem-14880	20	25	decisions	decision	NOUN
fbem-14880	20	26	.	.	PUNCT
fbem-14880	21	1	regarding	regard	VERB
fbem-14880	21	2	the	the	DET
fbem-14880	21	3	concept	concept	NOUN
fbem-14880	21	4	of	of	ADP
fbem-14880	21	5	independent	independent	ADJ
fbem-14880	21	6	directors	director	NOUN
fbem-14880	21	7	,	,	PUNCT
fbem-14880	21	8	even	even	ADV
fbem-14880	21	9	those	those	PRON
fbem-14880	21	10	who	who	PRON
fbem-14880	21	11	support	support	VERB
fbem-14880	21	12	them	they	PRON
fbem-14880	21	13	are	be	AUX
fbem-14880	21	14	not	not	PART
fbem-14880	21	15	clear	clear	ADJ
fbem-14880	21	16	on	on	ADP
fbem-14880	21	17	what	what	PRON
fbem-14880	21	18	they	they	PRON
fbem-14880	21	19	mean	mean	VERB
fbem-14880	21	20	,	,	PUNCT
fbem-14880	21	21	and	and	CCONJ
fbem-14880	21	22	the	the	DET
fbem-14880	21	23	proponents	proponent	NOUN
fbem-14880	21	24	do	do	AUX
fbem-14880	21	25	not	not	PART
fbem-14880	21	26	share	share	VERB
fbem-14880	21	27	the	the	DET
fbem-14880	21	28	same	same	ADJ
fbem-14880	21	29	definition	definition	NOUN
fbem-14880	21	30	of	of	ADP
fbem-14880	21	31	independence	independence	NOUN
fbem-14880	21	32	.	.	PUNCT
fbem-14880	22	1	defining	define	VERB
fbem-14880	22	2	an	an	DET
fbem-14880	22	3	independent	independent	ADJ
fbem-14880	22	4	director	director	NOUN
fbem-14880	22	5	begins	begin	VERB
fbem-14880	22	6	with	with	ADP
fbem-14880	22	7	an	an	DET
fbem-14880	22	8	understanding	understanding	NOUN
fbem-14880	22	9	of	of	ADP
fbem-14880	22	10	independence	independence	NOUN
fbem-14880	22	11	[	[	X
fbem-14880	22	12	3	3	NUM
fbem-14880	22	13	]	]	PUNCT
fbem-14880	22	14	.	.	PUNCT
fbem-14880	23	1	independence	independence	NOUN
fbem-14880	23	2	:	:	PUNCT
fbem-14880	23	3	an	an	DET
fbem-14880	23	4	independent	independent	ADJ
fbem-14880	23	5	director	director	NOUN
fbem-14880	23	6	is	be	AUX
fbem-14880	23	7	one	one	NUM
fbem-14880	23	8	who	who	PRON
fbem-14880	23	9	provides	provide	VERB
fbem-14880	23	10	effective	effective	ADJ
fbem-14880	23	11	and	and	CCONJ
fbem-14880	23	12	impartial	impartial	ADJ
fbem-14880	23	13	oversight	oversight	NOUN
fbem-14880	23	14	,	,	PUNCT
fbem-14880	23	15	and	and	CCONJ
fbem-14880	23	16	since	since	SCONJ
fbem-14880	23	17	one	one	NUM
fbem-14880	23	18	of	of	ADP
fbem-14880	23	19	the	the	DET
fbem-14880	23	20	key	key	ADJ
fbem-14880	23	21	roles	role	NOUN
fbem-14880	23	22	of	of	ADP
fbem-14880	23	23	the	the	DET
fbem-14880	23	24	board	board	NOUN
fbem-14880	23	25	is	be	AUX
fbem-14880	23	26	to	to	PART
fbem-14880	23	27	oversee	oversee	VERB
fbem-14880	23	28	executive	executive	ADJ
fbem-14880	23	29	management	management	NOUN
fbem-14880	23	30	,	,	PUNCT
fbem-14880	23	31	effective	effective	ADJ
fbem-14880	23	32	and	and	CCONJ
fbem-14880	23	33	impartial	impartial	ADJ
fbem-14880	23	34	oversight	oversight	NOUN
fbem-14880	23	35	is	be	AUX
fbem-14880	23	36	possible	possible	ADJ
fbem-14880	23	37	if	if	SCONJ
fbem-14880	23	38	the	the	DET
fbem-14880	23	39	board	board	NOUN
fbem-14880	23	40	is	be	AUX
fbem-14880	23	41	independent	independent	ADJ
fbem-14880	23	42	of	of	ADP
fbem-14880	23	43	executive	executive	ADJ
fbem-14880	23	44	management	management	NOUN
fbem-14880	23	45	.	.	PUNCT
fbem-14880	24	1	therefore	therefore	ADV
fbem-14880	24	2	,	,	PUNCT
fbem-14880	24	3	ensuring	ensure	VERB
fbem-14880	24	4	that	that	SCONJ
fbem-14880	24	5	the	the	DET
fbem-14880	24	6	board	board	NOUN
fbem-14880	24	7	's	's	PART
fbem-14880	24	8	decisions	decision	NOUN
fbem-14880	24	9	are	be	AUX
fbem-14880	24	10	not	not	PART
fbem-14880	24	11	influenced	influence	VERB
fbem-14880	24	12	by	by	ADP
fbem-14880	24	13	anyone	anyone	PRON
fbem-14880	24	14	,	,	PUNCT
fbem-14880	24	15	and	and	CCONJ
fbem-14880	24	16	independence	independence	NOUN
fbem-14880	24	17	becomes	become	VERB
fbem-14880	24	18	a	a	DET
fbem-14880	24	19	primary	primary	ADJ
fbem-14880	24	20	consideration	consideration	NOUN
fbem-14880	24	21	and	and	CCONJ
fbem-14880	24	22	a	a	DET
fbem-14880	24	23	prerequisite	prerequisite	NOUN
fbem-14880	24	24	.	.	PUNCT
fbem-14880	25	1	the	the	DET
fbem-14880	25	2	importance	importance	NOUN
fbem-14880	25	3	of	of	ADP
fbem-14880	25	4	independence	independence	NOUN
fbem-14880	25	5	is	be	AUX
fbem-14880	25	6	most	most	ADV
fbem-14880	25	7	evident	evident	ADJ
fbem-14880	25	8	in	in	ADP
fbem-14880	25	9	the	the	DET
fbem-14880	25	10	event	event	NOUN
fbem-14880	25	11	of	of	ADP
fbem-14880	25	12	a	a	DET
fbem-14880	25	13	conflict	conflict	NOUN
fbem-14880	25	14	of	of	ADP
fbem-14880	25	15	interest	interest	NOUN
fbem-14880	25	16	.	.	PUNCT
fbem-14880	26	1	“	"	PUNCT
fbem-14880	26	2	most	most	ADJ
fbem-14880	26	3	regulatory	regulatory	ADJ
fbem-14880	26	4	initiatives	initiative	NOUN
fbem-14880	26	5	over	over	ADP
fbem-14880	26	6	the	the	DET
fbem-14880	26	7	past	past	ADJ
fbem-14880	26	8	decades	decade	NOUN
fbem-14880	26	9	that	that	PRON
fbem-14880	26	10	have	have	AUX
fbem-14880	26	11	refined	refine	VERB
fbem-14880	26	12	the	the	DET
fbem-14880	26	13	concept	concept	NOUN
fbem-14880	26	14	put	put	VERB
fbem-14880	26	15	special	special	ADJ
fbem-14880	26	16	emphasis	emphasis	NOUN
fbem-14880	26	17	on	on	ADP
fbem-14880	26	18	independence	independence	NOUN
fbem-14880	26	19	for	for	ADP
fbem-14880	26	20	board	board	NOUN
fbem-14880	26	21	committees	committee	NOUN
fbem-14880	26	22	,	,	PUNCT
fbem-14880	26	23	such	such	ADJ
fbem-14880	26	24	as	as	ADP
fbem-14880	26	25	the	the	DET
fbem-14880	26	26	remuneration	remuneration	NOUN
fbem-14880	26	27	committee	committee	NOUN
fbem-14880	26	28	,	,	PUNCT
fbem-14880	26	29	the	the	DET
fbem-14880	26	30	nomination	nomination	NOUN
fbem-14880	26	31	committee	committee	NOUN
fbem-14880	26	32	and	and	CCONJ
fbem-14880	26	33	the	the	DET
fbem-14880	26	34	audit	audit	NOUN
fbem-14880	26	35	committee	committee	NOUN
fbem-14880	26	36	”	"	PUNCT
fbem-14880	26	37	.	.	PUNCT
fbem-14880	27	1	between	between	ADP
fbem-14880	27	2	these	these	DET
fbem-14880	27	3	committees	committee	NOUN
fbem-14880	27	4	,	,	PUNCT
fbem-14880	27	5	the	the	DET
fbem-14880	27	6	temptation	temptation	NOUN
fbem-14880	27	7	to	to	PART
fbem-14880	27	8	bring	bring	VERB
fbem-14880	27	9	benefits	benefit	NOUN
fbem-14880	27	10	through	through	ADP
fbem-14880	27	11	interpersonal	interpersonal	ADJ
fbem-14880	27	12	relationships	relationship	NOUN
fbem-14880	27	13	regardless	regardless	ADV
fbem-14880	27	14	of	of	ADP
fbem-14880	27	15	objective	objective	ADJ
fbem-14880	27	16	standards	standard	NOUN
fbem-14880	27	17	has	have	VERB
fbem-14880	27	18	to	to	PART
fbem-14880	27	19	be	be	AUX
fbem-14880	27	20	acknowledged	acknowledge	VERB
fbem-14880	27	21	as	as	ADP
fbem-14880	27	22	a	a	DET
fbem-14880	27	23	great	great	ADJ
fbem-14880	27	24	temptation	temptation	NOUN
fbem-14880	27	25	.	.	PUNCT
fbem-14880	28	1	for	for	ADP
fbem-14880	28	2	this	this	DET
fbem-14880	28	3	reason	reason	NOUN
fbem-14880	28	4	,	,	PUNCT
fbem-14880	28	5	many	many	ADJ
fbem-14880	28	6	regulatory	regulatory	ADJ
fbem-14880	28	7	bodies	body	NOUN
fbem-14880	28	8	around	around	ADP
fbem-14880	28	9	the	the	DET
fbem-14880	28	10	world	world	NOUN
fbem-14880	28	11	have	have	AUX
fbem-14880	28	12	established	establish	VERB
fbem-14880	28	13	standards	standard	NOUN
fbem-14880	28	14	of	of	ADP
fbem-14880	28	15	independence	independence	NOUN
fbem-14880	28	16	just	just	ADV
fbem-14880	28	17	to	to	PART
fbem-14880	28	18	prevent	prevent	VERB
fbem-14880	28	19	people	people	NOUN
fbem-14880	28	20	on	on	ADP
fbem-14880	28	21	these	these	DET
fbem-14880	28	22	committees	committee	NOUN
fbem-14880	28	23	from	from	ADP
fbem-14880	28	24	taking	take	VERB
fbem-14880	28	25	advantage	advantage	NOUN
fbem-14880	28	26	of	of	ADP
fbem-14880	28	27	interpersonal	interpersonal	ADJ
fbem-14880	28	28	relationships	relationship	NOUN
fbem-14880	28	29	and	and	CCONJ
fbem-14880	28	30	disregarding	disregard	VERB
fbem-14880	28	31	the	the	DET
fbem-14880	28	32	rules	rule	NOUN
fbem-14880	28	33	of	of	ADP
fbem-14880	28	34	objective	objective	ADJ
fbem-14880	28	35	standards	standard	NOUN
fbem-14880	28	36	.	.	PUNCT
fbem-14880	29	1	at	at	ADP
fbem-14880	29	2	the	the	DET
fbem-14880	29	3	narrowest	narrow	ADJ
fbem-14880	29	4	level	level	NOUN
fbem-14880	29	5	,	,	PUNCT
fbem-14880	29	6	independence	independence	NOUN
fbem-14880	29	7	refers	refer	VERB
fbem-14880	29	8	to	to	ADP
fbem-14880	29	9	the	the	DET
fbem-14880	29	10	relationship	relationship	NOUN
fbem-14880	29	11	between	between	ADP
fbem-14880	29	12	the	the	DET
fbem-14880	29	13	director	director	NOUN
fbem-14880	29	14	and	and	CCONJ
fbem-14880	29	15	management	management	NOUN
fbem-14880	29	16	,	,	PUNCT
fbem-14880	29	17	with	with	ADP
fbem-14880	29	18	the	the	DET
fbem-14880	29	19	director	director	NOUN
fbem-14880	29	20	being	be	AUX
fbem-14880	29	21	the	the	DET
fbem-14880	29	22	representative	representative	NOUN
fbem-14880	29	23	of	of	ADP
fbem-14880	29	24	the	the	DET
fbem-14880	29	25	shareholders	shareholder	NOUN
fbem-14880	29	26	.	.	PUNCT
fbem-14880	30	1	at	at	ADP
fbem-14880	30	2	a	a	DET
fbem-14880	30	3	broader	broad	ADJ
fbem-14880	30	4	level	level	NOUN
fbem-14880	30	5	,	,	PUNCT
fbem-14880	30	6	independent	independent	ADJ
fbem-14880	30	7	directors	director	NOUN
fbem-14880	30	8	are	be	AUX
fbem-14880	30	9	not	not	PART
fbem-14880	30	10	only	only	ADV
fbem-14880	30	11	independent	independent	ADJ
fbem-14880	30	12	in	in	ADP
fbem-14880	30	13	monitoring	monitor	VERB
fbem-14880	30	14	management	management	NOUN
fbem-14880	30	15	,	,	PUNCT
fbem-14880	30	16	but	but	CCONJ
fbem-14880	30	17	are	be	AUX
fbem-14880	30	18	also	also	ADV
fbem-14880	30	19	accountable	accountable	ADJ
fbem-14880	30	20	to	to	ADP
fbem-14880	30	21	those	those	PRON
fbem-14880	30	22	involved	involve	VERB
fbem-14880	30	23	,	,	PUNCT
fbem-14880	30	24	such	such	ADJ
fbem-14880	30	25	as	as	ADP
fbem-14880	30	26	consumers	consumer	NOUN
fbem-14880	30	27	or	or	CCONJ
fbem-14880	30	28	the	the	DET
fbem-14880	30	29	public	public	NOUN
fbem-14880	30	30	affected	affect	VERB
fbem-14880	30	31	by	by	ADP
fbem-14880	30	32	the	the	DET
fbem-14880	30	33	company	company	NOUN
fbem-14880	30	34	's	's	PART
fbem-14880	30	35	activities	activity	NOUN
fbem-14880	30	36	.	.	PUNCT
fbem-14880	31	1	some	some	PRON
fbem-14880	31	2	believe	believe	VERB
fbem-14880	31	3	that	that	SCONJ
fbem-14880	31	4	independent	independent	ADJ
fbem-14880	31	5	directors	director	NOUN
fbem-14880	31	6	are	be	AUX
fbem-14880	31	7	elected	elect	VERB
fbem-14880	31	8	by	by	ADP
fbem-14880	31	9	shareholders	shareholder	NOUN
fbem-14880	31	10	alone	alone	ADJ
fbem-14880	31	11	and	and	CCONJ
fbem-14880	31	12	that	that	SCONJ
fbem-14880	31	13	independent	independent	ADJ
fbem-14880	31	14	directors	director	NOUN
fbem-14880	31	15	also	also	ADV
fbem-14880	31	16	oversee	oversee	VERB
fbem-14880	31	17	the	the	DET
fbem-14880	31	18	interests	interest	NOUN
fbem-14880	31	19	of	of	ADP
fbem-14880	31	20	the	the	DET
fbem-14880	31	21	supervisory	supervisory	ADJ
fbem-14880	31	22	directors	director	NOUN
fbem-14880	31	23	;	;	PUNCT
fbem-14880	31	24	others	other	NOUN
fbem-14880	31	25	believe	believe	VERB
fbem-14880	31	26	that	that	SCONJ
fbem-14880	31	27	independent	independent	ADJ
fbem-14880	31	28	directors	director	NOUN
fbem-14880	31	29	should	should	AUX
fbem-14880	31	30	be	be	AUX
fbem-14880	31	31	elected	elect	VERB
fbem-14880	31	32	by	by	ADP
fbem-14880	31	33	outside	outside	ADJ
fbem-14880	31	34	voters	voter	NOUN
fbem-14880	31	35	,	,	PUNCT
fbem-14880	31	36	making	make	VERB
fbem-14880	31	37	independent	independent	ADJ
fbem-14880	31	38	directors	director	NOUN
fbem-14880	31	39	fully	fully	ADV
fbem-14880	31	40	accountable	accountable	ADJ
fbem-14880	31	41	to	to	ADP
fbem-14880	31	42	their	their	PRON
fbem-14880	31	43	constituents	constituent	NOUN
fbem-14880	31	44	and	and	CCONJ
fbem-14880	31	45	then	then	ADV
fbem-14880	31	46	,	,	PUNCT
fbem-14880	31	47	incidentally	incidentally	ADV
fbem-14880	31	48	,	,	PUNCT
fbem-14880	31	49	to	to	ADP
fbem-14880	31	50	shareholders	shareholder	NOUN
fbem-14880	31	51	[	[	X
fbem-14880	31	52	4	4	NUM
fbem-14880	31	53	]	]	PUNCT
fbem-14880	31	54	.	.	PUNCT
fbem-14880	32	1	regardless	regardless	ADV
fbem-14880	32	2	of	of	ADP
fbem-14880	32	3	the	the	DET
fbem-14880	32	4	view	view	NOUN
fbem-14880	32	5	,	,	PUNCT
fbem-14880	32	6	the	the	DET
fbem-14880	32	7	basic	basic	ADJ
fbem-14880	32	8	functions	function	NOUN
fbem-14880	32	9	of	of	ADP
fbem-14880	32	10	independent	independent	ADJ
fbem-14880	32	11	200	200	NUM
fbem-14880	32	12	directors	director	NOUN
fbem-14880	32	13	probably	probably	ADV
fbem-14880	32	14	fall	fall	VERB
fbem-14880	32	15	into	into	ADP
fbem-14880	32	16	two	two	NUM
fbem-14880	32	17	categories	category	NOUN
fbem-14880	32	18	:	:	PUNCT
fbem-14880	32	19	“	"	PUNCT
fbem-14880	32	20	(	(	PUNCT
fbem-14880	32	21	1	1	X
fbem-14880	32	22	)	)	PUNCT
fbem-14880	32	23	to	to	PART
fbem-14880	32	24	motivate	motivate	VERB
fbem-14880	32	25	managers	manager	NOUN
fbem-14880	32	26	to	to	PART
fbem-14880	32	27	fully	fully	ADV
fbem-14880	32	28	execute	execute	VERB
fbem-14880	32	29	their	their	PRON
fbem-14880	32	30	wealth	wealth	NOUN
fbem-14880	32	31	maximisation	maximisation	NOUN
fbem-14880	32	32	mandate	mandate	NOUN
fbem-14880	32	33	in	in	ADP
fbem-14880	32	34	the	the	DET
fbem-14880	32	35	long	long	ADJ
fbem-14880	32	36	and	and	CCONJ
fbem-14880	32	37	short	short	ADJ
fbem-14880	32	38	term	term	NOUN
fbem-14880	32	39	;	;	PUNCT
fbem-14880	32	40	and	and	CCONJ
fbem-14880	32	41	(	(	PUNCT
fbem-14880	32	42	2	2	X
fbem-14880	32	43	)	)	PUNCT
fbem-14880	32	44	to	to	PART
fbem-14880	32	45	ensure	ensure	VERB
fbem-14880	32	46	the	the	DET
fbem-14880	32	47	integrity	integrity	NOUN
fbem-14880	32	48	of	of	ADP
fbem-14880	32	49	managers	manager	NOUN
fbem-14880	32	50	in	in	ADP
fbem-14880	32	51	the	the	DET
fbem-14880	32	52	allocation	allocation	NOUN
fbem-14880	32	53	of	of	ADP
fbem-14880	32	54	corporate	corporate	ADJ
fbem-14880	32	55	assets	asset	NOUN
fbem-14880	32	56	between	between	ADP
fbem-14880	32	57	themselves	themselves	PRON
fbem-14880	32	58	and	and	CCONJ
fbem-14880	32	59	shareholders	shareholder	NOUN
fbem-14880	32	60	.	.	PUNCT
fbem-14880	32	61	”	"	PUNCT
fbem-14880	33	1	although	although	SCONJ
fbem-14880	33	2	in	in	ADP
fbem-14880	33	3	a	a	DET
fbem-14880	33	4	formal	formal	ADJ
fbem-14880	33	5	sense	sense	NOUN
fbem-14880	33	6	these	these	DET
fbem-14880	33	7	two	two	NUM
fbem-14880	33	8	functions	function	NOUN
fbem-14880	33	9	are	be	AUX
fbem-14880	33	10	carried	carry	VERB
fbem-14880	33	11	out	out	ADP
fbem-14880	33	12	by	by	ADP
fbem-14880	33	13	the	the	DET
fbem-14880	33	14	board	board	NOUN
fbem-14880	33	15	as	as	ADP
fbem-14880	33	16	a	a	DET
fbem-14880	33	17	whole	whole	NOUN
fbem-14880	33	18	,	,	PUNCT
fbem-14880	33	19	independent	independent	ADJ
fbem-14880	33	20	directors	director	NOUN
fbem-14880	33	21	have	have	VERB
fbem-14880	33	22	a	a	DET
fbem-14880	33	23	special	special	ADJ
fbem-14880	33	24	influence	influence	NOUN
fbem-14880	33	25	and	and	CCONJ
fbem-14880	33	26	responsibility	responsibility	NOUN
fbem-14880	33	27	for	for	ADP
fbem-14880	33	28	these	these	DET
fbem-14880	33	29	two	two	NUM
fbem-14880	33	30	functions	function	NOUN
fbem-14880	33	31	.	.	PUNCT
fbem-14880	34	1	3	3	X
fbem-14880	34	2	.	.	X
fbem-14880	34	3	the	the	DET
fbem-14880	34	4	role	role	NOUN
fbem-14880	34	5	of	of	ADP
fbem-14880	34	6	independent	independent	ADJ
fbem-14880	34	7	directors	director	NOUN
fbem-14880	34	8	3.1	3.1	NUM
fbem-14880	34	9	.	.	PUNCT
fbem-14880	35	1	the	the	DET
fbem-14880	35	2	relationship	relationship	NOUN
fbem-14880	35	3	between	between	ADP
fbem-14880	35	4	independent	independent	ADJ
fbem-14880	35	5	directors	director	NOUN
fbem-14880	35	6	and	and	CCONJ
fbem-14880	35	7	corporate	corporate	ADJ
fbem-14880	35	8	governance	governance	NOUN
fbem-14880	35	9	with	with	ADP
fbem-14880	35	10	regard	regard	NOUN
fbem-14880	35	11	to	to	ADP
fbem-14880	35	12	the	the	DET
fbem-14880	35	13	conceptual	conceptual	ADJ
fbem-14880	35	14	aspects	aspect	NOUN
fbem-14880	35	15	of	of	ADP
fbem-14880	35	16	corporate	corporate	ADJ
fbem-14880	35	17	governance	governance	NOUN
fbem-14880	35	18	,	,	PUNCT
fbem-14880	35	19	some	some	DET
fbem-14880	35	20	experts	expert	NOUN
fbem-14880	35	21	believe	believe	VERB
fbem-14880	35	22	that	that	SCONJ
fbem-14880	35	23	corporate	corporate	ADJ
fbem-14880	35	24	governance	governance	NOUN
fbem-14880	35	25	is	be	AUX
fbem-14880	35	26	about	about	ADP
fbem-14880	35	27	steering	steer	VERB
fbem-14880	35	28	a	a	DET
fbem-14880	35	29	company	company	NOUN
fbem-14880	35	30	on	on	ADP
fbem-14880	35	31	the	the	DET
fbem-14880	35	32	right	right	ADJ
fbem-14880	35	33	path	path	NOUN
fbem-14880	35	34	[	[	X
fbem-14880	35	35	5	5	NUM
fbem-14880	35	36	]	]	PUNCT
fbem-14880	35	37	.	.	PUNCT
fbem-14880	36	1	mr	mr	PROPN
fbem-14880	36	2	m.	m.	PROPN
fbem-14880	36	3	damodaran	damodaran	PROPN
fbem-14880	36	4	,	,	PUNCT
fbem-14880	36	5	former	former	ADJ
fbem-14880	36	6	chairman	chairman	NOUN
fbem-14880	36	7	of	of	ADP
fbem-14880	36	8	the	the	DET
fbem-14880	36	9	securities	securities	PROPN
fbem-14880	36	10	and	and	CCONJ
fbem-14880	36	11	exchange	exchange	PROPN
fbem-14880	36	12	board	board	PROPN
fbem-14880	36	13	of	of	ADP
fbem-14880	36	14	india	india	PROPN
fbem-14880	36	15	,	,	PUNCT
fbem-14880	36	16	describes	describe	VERB
fbem-14880	36	17	corporate	corporate	ADJ
fbem-14880	36	18	governance	governance	NOUN
fbem-14880	36	19	as	as	ADP
fbem-14880	36	20	an	an	DET
fbem-14880	36	21	ongoing	ongoing	ADJ
fbem-14880	36	22	process	process	NOUN
fbem-14880	36	23	and	and	CCONJ
fbem-14880	36	24	one	one	NUM
fbem-14880	36	25	that	that	PRON
fbem-14880	36	26	goes	go	VERB
fbem-14880	36	27	beyond	beyond	ADP
fbem-14880	36	28	mere	mere	ADJ
fbem-14880	36	29	legislation	legislation	NOUN
fbem-14880	36	30	.	.	PUNCT
fbem-14880	37	1	as	as	SCONJ
fbem-14880	37	2	he	he	PRON
fbem-14880	37	3	said	say	VERB
fbem-14880	37	4	,	,	PUNCT
fbem-14880	37	5	the	the	DET
fbem-14880	37	6	legislation	legislation	NOUN
fbem-14880	37	7	relating	relate	VERB
fbem-14880	37	8	to	to	ADP
fbem-14880	37	9	corporate	corporate	ADJ
fbem-14880	37	10	governance	governance	NOUN
fbem-14880	37	11	is	be	AUX
fbem-14880	37	12	only	only	ADV
fbem-14880	37	13	a	a	DET
fbem-14880	37	14	starting	starting	NOUN
fbem-14880	37	15	point	point	NOUN
fbem-14880	37	16	and	and	CCONJ
fbem-14880	37	17	the	the	DET
fbem-14880	37	18	real	real	ADJ
fbem-14880	37	19	purpose	purpose	NOUN
fbem-14880	37	20	of	of	ADP
fbem-14880	37	21	corporate	corporate	ADJ
fbem-14880	37	22	governance	governance	NOUN
fbem-14880	37	23	is	be	AUX
fbem-14880	37	24	to	to	PART
fbem-14880	37	25	achieve	achieve	VERB
fbem-14880	37	26	profitability	profitability	NOUN
fbem-14880	37	27	.	.	PUNCT
fbem-14880	38	1	companies	company	NOUN
fbem-14880	38	2	need	need	VERB
fbem-14880	38	3	to	to	PART
fbem-14880	38	4	be	be	AUX
fbem-14880	38	5	aware	aware	ADJ
fbem-14880	38	6	that	that	SCONJ
fbem-14880	38	7	these	these	DET
fbem-14880	38	8	corporate	corporate	ADJ
fbem-14880	38	9	governance	governance	NOUN
fbem-14880	38	10	practices	practice	NOUN
fbem-14880	38	11	are	be	AUX
fbem-14880	38	12	not	not	PART
fbem-14880	38	13	done	do	VERB
fbem-14880	38	14	out	out	ADP
fbem-14880	38	15	of	of	ADP
fbem-14880	38	16	fear	fear	NOUN
fbem-14880	38	17	of	of	ADP
fbem-14880	38	18	sanctions	sanction	NOUN
fbem-14880	38	19	,	,	PUNCT
fbem-14880	38	20	but	but	CCONJ
fbem-14880	38	21	that	that	SCONJ
fbem-14880	38	22	without	without	ADP
fbem-14880	38	23	such	such	ADJ
fbem-14880	38	24	corporate	corporate	ADJ
fbem-14880	38	25	governance	governance	NOUN
fbem-14880	38	26	the	the	DET
fbem-14880	38	27	company	company	NOUN
fbem-14880	38	28	would	would	AUX
fbem-14880	38	29	not	not	PART
fbem-14880	38	30	be	be	AUX
fbem-14880	38	31	profitable	profitable	ADJ
fbem-14880	38	32	.	.	PUNCT
fbem-14880	39	1	mr	mr	PROPN
fbem-14880	39	2	m.	m.	PROPN
fbem-14880	39	3	damodaran	damodaran	AUX
fbem-14880	39	4	sees	see	VERB
fbem-14880	39	5	independent	independent	ADJ
fbem-14880	39	6	directors	director	NOUN
fbem-14880	39	7	as	as	ADP
fbem-14880	39	8	staff	staff	NOUN
fbem-14880	39	9	who	who	PRON
fbem-14880	39	10	contribute	contribute	VERB
fbem-14880	39	11	to	to	ADP
fbem-14880	39	12	the	the	DET
fbem-14880	39	13	board	board	NOUN
fbem-14880	39	14	;	;	PUNCT
fbem-14880	39	15	others	other	NOUN
fbem-14880	39	16	see	see	VERB
fbem-14880	39	17	the	the	DET
fbem-14880	39	18	role	role	NOUN
fbem-14880	39	19	of	of	ADP
fbem-14880	39	20	independent	independent	ADJ
fbem-14880	39	21	directors	director	NOUN
fbem-14880	39	22	as	as	ADP
fbem-14880	39	23	“	"	PUNCT
fbem-14880	39	24	conscience	conscience	NOUN
fbem-14880	39	25	keepers	keeper	NOUN
fbem-14880	39	26	”	"	PUNCT
fbem-14880	39	27	,	,	PUNCT
fbem-14880	39	28	the	the	DET
fbem-14880	39	29	idea	idea	NOUN
fbem-14880	39	30	is	be	AUX
fbem-14880	39	31	that	that	SCONJ
fbem-14880	39	32	they	they	PRON
fbem-14880	39	33	can	can	AUX
fbem-14880	39	34	steer	steer	VERB
fbem-14880	39	35	the	the	DET
fbem-14880	39	36	company	company	NOUN
fbem-14880	39	37	in	in	ADP
fbem-14880	39	38	the	the	DET
fbem-14880	39	39	right	right	ADJ
fbem-14880	39	40	direction	direction	NOUN
fbem-14880	39	41	when	when	SCONJ
fbem-14880	39	42	others	other	NOUN
fbem-14880	39	43	may	may	AUX
fbem-14880	39	44	be	be	AUX
fbem-14880	39	45	influenced	influence	VERB
fbem-14880	39	46	by	by	ADP
fbem-14880	39	47	other	other	ADJ
fbem-14880	39	48	interests	interest	NOUN
fbem-14880	39	49	for	for	ADP
fbem-14880	39	50	their	their	PRON
fbem-14880	39	51	legitimate	legitimate	ADJ
fbem-14880	39	52	benefit	benefit	NOUN
fbem-14880	39	53	[	[	X
fbem-14880	39	54	6	6	NUM
fbem-14880	39	55	]	]	PUNCT
fbem-14880	39	56	.	.	PUNCT
fbem-14880	40	1	3.2	3.2	NUM
fbem-14880	40	2	.	.	PUNCT
fbem-14880	41	1	the	the	DET
fbem-14880	41	2	role	role	NOUN
fbem-14880	41	3	of	of	ADP
fbem-14880	41	4	integrity	integrity	NOUN
fbem-14880	41	5	what	what	PRON
fbem-14880	41	6	are	be	AUX
fbem-14880	41	7	the	the	DET
fbem-14880	41	8	factors	factor	NOUN
fbem-14880	41	9	affecting	affect	VERB
fbem-14880	41	10	the	the	DET
fbem-14880	41	11	management	management	NOUN
fbem-14880	41	12	of	of	ADP
fbem-14880	41	13	free	free	ADJ
fbem-14880	41	14	trade	trade	NOUN
fbem-14880	41	15	?	?	PUNCT
fbem-14880	42	1	have	have	AUX
fbem-14880	42	2	independent	independent	ADJ
fbem-14880	42	3	directors	director	NOUN
fbem-14880	42	4	contributed	contribute	VERB
fbem-14880	42	5	to	to	ADP
fbem-14880	42	6	an	an	DET
fbem-14880	42	7	increase	increase	NOUN
fbem-14880	42	8	in	in	ADP
fbem-14880	42	9	the	the	DET
fbem-14880	42	10	integrity	integrity	NOUN
fbem-14880	42	11	and	and	CCONJ
fbem-14880	42	12	effectiveness	effectiveness	NOUN
fbem-14880	42	13	of	of	ADP
fbem-14880	42	14	management	management	NOUN
fbem-14880	42	15	?	?	PUNCT
fbem-14880	43	1	it	it	PRON
fbem-14880	43	2	used	use	VERB
fbem-14880	43	3	to	to	PART
fbem-14880	43	4	be	be	AUX
fbem-14880	43	5	that	that	SCONJ
fbem-14880	43	6	a	a	DET
fbem-14880	43	7	norm	norm	NOUN
fbem-14880	43	8	for	for	ADP
fbem-14880	43	9	controlling	control	VERB
fbem-14880	43	10	management	management	NOUN
fbem-14880	43	11	behaviour	behaviour	NOUN
fbem-14880	43	12	to	to	PART
fbem-14880	43	13	ensure	ensure	VERB
fbem-14880	43	14	integrity	integrity	NOUN
fbem-14880	43	15	was	be	AUX
fbem-14880	43	16	to	to	PART
fbem-14880	43	17	bar	bar	VERB
fbem-14880	43	18	management	management	NOUN
fbem-14880	43	19	from	from	ADP
fbem-14880	43	20	engaging	engage	VERB
fbem-14880	43	21	in	in	ADP
fbem-14880	43	22	selfdealing	selfdeale	VERB
fbem-14880	43	23	or	or	CCONJ
fbem-14880	43	24	utilising	utilise	VERB
fbem-14880	43	25	company	company	NOUN
fbem-14880	43	26	property	property	NOUN
fbem-14880	43	27	for	for	ADP
fbem-14880	43	28	its	its	PRON
fbem-14880	43	29	own	own	ADJ
fbem-14880	43	30	advantage	advantage	NOUN
fbem-14880	43	31	.	.	PUNCT
fbem-14880	44	1	however	however	ADV
fbem-14880	44	2	,	,	PUNCT
fbem-14880	44	3	this	this	PRON
fbem-14880	44	4	is	be	AUX
fbem-14880	44	5	no	no	ADV
fbem-14880	44	6	longer	long	ADV
fbem-14880	44	7	effective	effective	ADJ
fbem-14880	44	8	as	as	ADP
fbem-14880	44	9	a	a	DET
fbem-14880	44	10	preventative	preventative	ADJ
fbem-14880	44	11	deterrent	deterrent	NOUN
fbem-14880	44	12	to	to	ADP
fbem-14880	44	13	the	the	DET
fbem-14880	44	14	kind	kind	NOUN
fbem-14880	44	15	of	of	ADP
fbem-14880	44	16	self	self	NOUN
fbem-14880	44	17	-	-	PUNCT
fbem-14880	44	18	dealing	dealing	NOUN
fbem-14880	44	19	that	that	PRON
fbem-14880	44	20	was	be	AUX
fbem-14880	44	21	previously	previously	ADV
fbem-14880	44	22	considered	consider	VERB
fbem-14880	44	23	acceptable	acceptable	ADJ
fbem-14880	44	24	[	[	X
fbem-14880	44	25	7	7	NUM
fbem-14880	44	26	]	]	PUNCT
fbem-14880	44	27	.	.	PUNCT
fbem-14880	45	1	it	it	PRON
fbem-14880	45	2	has	have	AUX
fbem-14880	45	3	been	be	AUX
fbem-14880	45	4	demonstrated	demonstrate	VERB
fbem-14880	45	5	through	through	ADP
fbem-14880	45	6	research	research	NOUN
fbem-14880	45	7	that	that	SCONJ
fbem-14880	45	8	there	there	PRON
fbem-14880	45	9	is	be	VERB
fbem-14880	45	10	value	value	NOUN
fbem-14880	45	11	in	in	ADP
fbem-14880	45	12	permitting	permit	VERB
fbem-14880	45	13	management	management	NOUN
fbem-14880	45	14	to	to	PART
fbem-14880	45	15	engage	engage	VERB
fbem-14880	45	16	in	in	ADP
fbem-14880	45	17	self	self	NOUN
fbem-14880	45	18	-	-	PUNCT
fbem-14880	45	19	dealing	dealing	NOUN
fbem-14880	45	20	;	;	PUNCT
fbem-14880	45	21	nevertheless	nevertheless	ADV
fbem-14880	45	22	,	,	PUNCT
fbem-14880	45	23	such	such	ADJ
fbem-14880	45	24	self	self	NOUN
fbem-14880	45	25	-	-	PUNCT
fbem-14880	45	26	dealing	dealing	NOUN
fbem-14880	45	27	necessitates	necessitate	VERB
fbem-14880	45	28	rigorous	rigorous	ADJ
fbem-14880	45	29	compliance	compliance	NOUN
fbem-14880	45	30	with	with	ADP
fbem-14880	45	31	the	the	DET
fbem-14880	45	32	necessity	necessity	NOUN
fbem-14880	45	33	to	to	PART
fbem-14880	45	34	disclose	disclose	VERB
fbem-14880	45	35	to	to	ADP
fbem-14880	45	36	and	and	CCONJ
fbem-14880	45	37	gain	gain	VERB
fbem-14880	45	38	the	the	DET
fbem-14880	45	39	approval	approval	NOUN
fbem-14880	45	40	of	of	ADP
fbem-14880	45	41	the	the	DET
fbem-14880	45	42	directors	director	NOUN
fbem-14880	45	43	who	who	PRON
fbem-14880	45	44	do	do	AUX
fbem-14880	45	45	not	not	PART
fbem-14880	45	46	wish	wish	VERB
fbem-14880	45	47	to	to	PART
fbem-14880	45	48	engage	engage	VERB
fbem-14880	45	49	in	in	ADP
fbem-14880	45	50	the	the	DET
fbem-14880	45	51	transaction	transaction	NOUN
fbem-14880	45	52	.	.	PUNCT
fbem-14880	46	1	however	however	ADV
fbem-14880	46	2	,	,	PUNCT
fbem-14880	46	3	in	in	ADP
fbem-14880	46	4	the	the	DET
fbem-14880	46	5	process	process	NOUN
fbem-14880	46	6	of	of	ADP
fbem-14880	46	7	evaluating	evaluate	VERB
fbem-14880	46	8	the	the	DET
fbem-14880	46	9	requirements	requirement	NOUN
fbem-14880	46	10	for	for	ADP
fbem-14880	46	11	such	such	DET
fbem-14880	46	12	a	a	DET
fbem-14880	46	13	transaction	transaction	NOUN
fbem-14880	46	14	,	,	PUNCT
fbem-14880	46	15	the	the	DET
fbem-14880	46	16	directors	director	NOUN
fbem-14880	46	17	or	or	CCONJ
fbem-14880	46	18	the	the	DET
fbem-14880	46	19	court	court	NOUN
fbem-14880	46	20	do	do	AUX
fbem-14880	46	21	not	not	PART
fbem-14880	46	22	have	have	VERB
fbem-14880	46	23	precise	precise	ADJ
fbem-14880	46	24	criteria	criterion	NOUN
fbem-14880	46	25	by	by	ADP
fbem-14880	46	26	which	which	PRON
fbem-14880	46	27	to	to	PART
fbem-14880	46	28	decide	decide	VERB
fbem-14880	46	29	whether	whether	SCONJ
fbem-14880	46	30	the	the	DET
fbem-14880	46	31	transaction	transaction	NOUN
fbem-14880	46	32	is	be	AUX
fbem-14880	46	33	within	within	ADP
fbem-14880	46	34	the	the	DET
fbem-14880	46	35	boundaries	boundary	NOUN
fbem-14880	46	36	;	;	PUNCT
fbem-14880	46	37	rather	rather	ADV
fbem-14880	46	38	,	,	PUNCT
fbem-14880	46	39	they	they	PRON
fbem-14880	46	40	are	be	AUX
fbem-14880	46	41	simply	simply	ADV
fbem-14880	46	42	instructed	instruct	VERB
fbem-14880	46	43	by	by	ADP
fbem-14880	46	44	some	some	DET
fbem-14880	46	45	generic	generic	ADJ
fbem-14880	46	46	sense	sense	NOUN
fbem-14880	46	47	of	of	ADP
fbem-14880	46	48	"	"	PUNCT
fbem-14880	46	49	fairness	fairness	NOUN
fbem-14880	46	50	.	.	PUNCT
fbem-14880	46	51	"	"	PUNCT
fbem-14880	47	1	in	in	ADP
fbem-14880	47	2	principle	principle	NOUN
fbem-14880	47	3	,	,	PUNCT
fbem-14880	47	4	management	management	NOUN
fbem-14880	47	5	may	may	AUX
fbem-14880	47	6	be	be	AUX
fbem-14880	47	7	eligible	eligible	ADJ
fbem-14880	47	8	for	for	ADP
fbem-14880	47	9	a	a	DET
fbem-14880	47	10	personal	personal	ADJ
fbem-14880	47	11	benefit	benefit	NOUN
fbem-14880	47	12	,	,	PUNCT
fbem-14880	47	13	but	but	CCONJ
fbem-14880	47	14	the	the	DET
fbem-14880	47	15	value	value	NOUN
fbem-14880	47	16	of	of	ADP
fbem-14880	47	17	such	such	ADJ
fbem-14880	47	18	benefit	benefit	NOUN
fbem-14880	47	19	can	can	AUX
fbem-14880	47	20	not	not	PART
fbem-14880	47	21	exceed	exceed	VERB
fbem-14880	47	22	the	the	DET
fbem-14880	47	23	amount	amount	NOUN
fbem-14880	47	24	of	of	ADP
fbem-14880	47	25	public	public	ADJ
fbem-14880	47	26	compensation	compensation	NOUN
fbem-14880	47	27	management	management	NOUN
fbem-14880	47	28	has	have	AUX
fbem-14880	47	29	stipulated	stipulate	VERB
fbem-14880	47	30	it	it	PRON
fbem-14880	47	31	will	will	AUX
fbem-14880	47	32	accept	accept	VERB
fbem-14880	47	33	.	.	PUNCT
fbem-14880	48	1	if	if	SCONJ
fbem-14880	48	2	management	management	NOUN
fbem-14880	48	3	earns	earn	VERB
fbem-14880	48	4	more	more	ADJ
fbem-14880	48	5	than	than	ADP
fbem-14880	48	6	this	this	DET
fbem-14880	48	7	definition	definition	NOUN
fbem-14880	48	8	of	of	ADP
fbem-14880	48	9	"	"	PUNCT
fbem-14880	48	10	fairness	fairness	NOUN
fbem-14880	48	11	"	"	PUNCT
fbem-14880	48	12	through	through	ADP
fbem-14880	48	13	self	self	NOUN
fbem-14880	48	14	-	-	PUNCT
fbem-14880	48	15	dealing	dealing	NOUN
fbem-14880	48	16	or	or	CCONJ
fbem-14880	48	17	use	use	NOUN
fbem-14880	48	18	of	of	ADP
fbem-14880	48	19	company	company	NOUN
fbem-14880	48	20	property	property	NOUN
fbem-14880	48	21	,	,	PUNCT
fbem-14880	48	22	then	then	ADV
fbem-14880	48	23	the	the	DET
fbem-14880	48	24	excess	excess	NOUN
fbem-14880	48	25	is	be	AUX
fbem-14880	48	26	at	at	ADV
fbem-14880	48	27	best	good	ADJ
fbem-14880	48	28	just	just	ADV
fbem-14880	48	29	indirect	indirect	ADJ
fbem-14880	48	30	remuneration	remuneration	NOUN
fbem-14880	48	31	to	to	PART
fbem-14880	48	32	which	which	PRON
fbem-14880	48	33	management	management	NOUN
fbem-14880	48	34	is	be	AUX
fbem-14880	48	35	not	not	PART
fbem-14880	48	36	entitled	entitle	VERB
fbem-14880	48	37	.	.	PUNCT
fbem-14880	49	1	this	this	PRON
fbem-14880	49	2	is	be	AUX
fbem-14880	49	3	because	because	SCONJ
fbem-14880	49	4	this	this	DET
fbem-14880	49	5	concept	concept	NOUN
fbem-14880	49	6	of	of	ADP
fbem-14880	49	7	"	"	PUNCT
fbem-14880	49	8	fairness	fairness	NOUN
fbem-14880	49	9	"	"	PUNCT
fbem-14880	49	10	is	be	AUX
fbem-14880	49	11	based	base	VERB
fbem-14880	49	12	on	on	ADP
fbem-14880	49	13	a	a	DET
fbem-14880	49	14	standard	standard	NOUN
fbem-14880	49	15	of	of	ADP
fbem-14880	49	16	equality	equality	NOUN
fbem-14880	49	17	.	.	PUNCT
fbem-14880	50	1	whether	whether	SCONJ
fbem-14880	50	2	or	or	CCONJ
fbem-14880	50	3	not	not	PART
fbem-14880	50	4	there	there	PRON
fbem-14880	50	5	is	be	VERB
fbem-14880	50	6	an	an	DET
fbem-14880	50	7	unacceptable	unacceptable	ADJ
fbem-14880	50	8	level	level	NOUN
fbem-14880	50	9	of	of	ADP
fbem-14880	50	10	selfdealing	selfdealing	NOUN
fbem-14880	50	11	is	be	AUX
fbem-14880	50	12	a	a	DET
fbem-14880	50	13	question	question	NOUN
fbem-14880	50	14	that	that	PRON
fbem-14880	50	15	needs	need	VERB
fbem-14880	50	16	to	to	PART
fbem-14880	50	17	be	be	AUX
fbem-14880	50	18	answered	answer	VERB
fbem-14880	50	19	by	by	ADP
fbem-14880	50	20	the	the	DET
fbem-14880	50	21	board	board	NOUN
fbem-14880	50	22	,	,	PUNCT
fbem-14880	50	23	and	and	CCONJ
fbem-14880	50	24	by	by	ADP
fbem-14880	50	25	the	the	DET
fbem-14880	50	26	independent	independent	ADJ
fbem-14880	50	27	directors	director	NOUN
fbem-14880	50	28	.	.	PUNCT
fbem-14880	51	1	in	in	ADP
fbem-14880	51	2	this	this	DET
fbem-14880	51	3	process	process	NOUN
fbem-14880	51	4	,	,	PUNCT
fbem-14880	51	5	the	the	DET
fbem-14880	51	6	board	board	NOUN
fbem-14880	51	7	refers	refer	VERB
fbem-14880	51	8	to	to	ADP
fbem-14880	51	9	the	the	DET
fbem-14880	51	10	market	market	NOUN
fbem-14880	51	11	to	to	PART
fbem-14880	51	12	judge	judge	VERB
fbem-14880	51	13	whether	whether	SCONJ
fbem-14880	51	14	the	the	DET
fbem-14880	51	15	self	self	NOUN
fbem-14880	51	16	-	-	PUNCT
fbem-14880	51	17	dealing	dealing	NOUN
fbem-14880	51	18	is	be	AUX
fbem-14880	51	19	of	of	ADP
fbem-14880	51	20	benefit	benefit	NOUN
fbem-14880	51	21	to	to	ADP
fbem-14880	51	22	the	the	DET
fbem-14880	51	23	company	company	NOUN
fbem-14880	51	24	[	[	X
fbem-14880	51	25	8	8	NUM
fbem-14880	51	26	]	]	PUNCT
fbem-14880	51	27	.	.	PUNCT
fbem-14880	52	1	therefore	therefore	ADV
fbem-14880	52	2	,	,	PUNCT
fbem-14880	52	3	at	at	ADP
fbem-14880	52	4	this	this	DET
fbem-14880	52	5	level	level	NOUN
fbem-14880	52	6	,	,	PUNCT
fbem-14880	52	7	independent	independent	ADJ
fbem-14880	52	8	directors	director	NOUN
fbem-14880	52	9	can	can	AUX
fbem-14880	52	10	regulate	regulate	VERB
fbem-14880	52	11	the	the	DET
fbem-14880	52	12	process	process	NOUN
fbem-14880	52	13	of	of	ADP
fbem-14880	52	14	self	self	NOUN
fbem-14880	52	15	-	-	PUNCT
fbem-14880	52	16	dealing	dealing	NOUN
fbem-14880	52	17	and	and	CCONJ
fbem-14880	52	18	there	there	PRON
fbem-14880	52	19	are	be	VERB
fbem-14880	52	20	undoubtedly	undoubtedly	ADV
fbem-14880	52	21	benefits	benefit	NOUN
fbem-14880	52	22	to	to	ADP
fbem-14880	52	23	independent	independent	ADJ
fbem-14880	52	24	directors	director	NOUN
fbem-14880	52	25	in	in	ADP
fbem-14880	52	26	regulating	regulate	VERB
fbem-14880	52	27	self	self	NOUN
fbem-14880	52	28	-	-	PUNCT
fbem-14880	52	29	dealing	dealing	NOUN
fbem-14880	52	30	,	,	PUNCT
fbem-14880	52	31	but	but	CCONJ
fbem-14880	52	32	do	do	AUX
fbem-14880	52	33	independent	independent	ADJ
fbem-14880	52	34	directors	director	NOUN
fbem-14880	52	35	actually	actually	ADV
fbem-14880	52	36	act	act	VERB
fbem-14880	52	37	as	as	ADP
fbem-14880	52	38	substantive	substantive	ADJ
fbem-14880	52	39	regulators	regulator	NOUN
fbem-14880	52	40	?	?	PUNCT
fbem-14880	53	1	this	this	DET
fbem-14880	53	2	question	question	NOUN
fbem-14880	53	3	is	be	AUX
fbem-14880	53	4	difficult	difficult	ADJ
fbem-14880	53	5	to	to	PART
fbem-14880	53	6	substantiate	substantiate	VERB
fbem-14880	53	7	with	with	ADP
fbem-14880	53	8	strong	strong	ADJ
fbem-14880	53	9	evidence	evidence	NOUN
fbem-14880	53	10	.	.	PUNCT
fbem-14880	54	1	only	only	ADV
fbem-14880	54	2	when	when	SCONJ
fbem-14880	54	3	the	the	DET
fbem-14880	54	4	relevant	relevant	ADJ
fbem-14880	54	5	information	information	NOUN
fbem-14880	54	6	is	be	AUX
fbem-14880	54	7	disclosed	disclose	VERB
fbem-14880	54	8	to	to	ADP
fbem-14880	54	9	the	the	DET
fbem-14880	54	10	independent	independent	ADJ
fbem-14880	54	11	directors	director	NOUN
fbem-14880	54	12	can	can	AUX
fbem-14880	54	13	the	the	DET
fbem-14880	54	14	independent	independent	ADJ
fbem-14880	54	15	directors	director	NOUN
fbem-14880	54	16	approve	approve	VERB
fbem-14880	54	17	the	the	DET
fbem-14880	54	18	validity	validity	NOUN
fbem-14880	54	19	of	of	ADP
fbem-14880	54	20	a	a	DET
fbem-14880	54	21	self	self	NOUN
fbem-14880	54	22	-	-	PUNCT
fbem-14880	54	23	dealing	deal	VERB
fbem-14880	54	24	transaction	transaction	NOUN
fbem-14880	54	25	in	in	ADP
fbem-14880	54	26	accordance	accordance	NOUN
fbem-14880	54	27	with	with	ADP
fbem-14880	54	28	the	the	DET
fbem-14880	54	29	governing	govern	VERB
fbem-14880	54	30	rules	rule	NOUN
fbem-14880	54	31	.	.	PUNCT
fbem-14880	55	1	however	however	ADV
fbem-14880	55	2	,	,	PUNCT
fbem-14880	55	3	as	as	SCONJ
fbem-14880	55	4	the	the	DET
fbem-14880	55	5	information	information	NOUN
fbem-14880	55	6	is	be	AUX
fbem-14880	55	7	difficult	difficult	ADJ
fbem-14880	55	8	to	to	PART
fbem-14880	55	9	process	process	VERB
fbem-14880	55	10	,	,	PUNCT
fbem-14880	55	11	based	base	VERB
fbem-14880	55	12	on	on	ADP
fbem-14880	55	13	the	the	DET
fbem-14880	55	14	judgement	judgement	NOUN
fbem-14880	55	15	of	of	ADP
fbem-14880	55	16	many	many	ADJ
fbem-14880	55	17	data	datum	NOUN
fbem-14880	55	18	,	,	PUNCT
fbem-14880	55	19	such	such	ADJ
fbem-14880	55	20	regulation	regulation	NOUN
fbem-14880	55	21	can	can	AUX
fbem-14880	55	22	take	take	VERB
fbem-14880	55	23	a	a	DET
fbem-14880	55	24	lot	lot	NOUN
fbem-14880	55	25	of	of	ADP
fbem-14880	55	26	time	time	NOUN
fbem-14880	55	27	and	and	CCONJ
fbem-14880	55	28	effort	effort	NOUN
fbem-14880	55	29	.	.	PUNCT
fbem-14880	56	1	in	in	ADP
fbem-14880	56	2	the	the	DET
fbem-14880	56	3	context	context	NOUN
fbem-14880	56	4	of	of	ADP
fbem-14880	56	5	engaging	engage	VERB
fbem-14880	56	6	in	in	ADP
fbem-14880	56	7	self	self	NOUN
fbem-14880	56	8	-	-	PUNCT
fbem-14880	56	9	dealing	dealing	NOUN
fbem-14880	56	10	,	,	PUNCT
fbem-14880	56	11	these	these	DET
fbem-14880	56	12	objective	objective	ADJ
fbem-14880	56	13	issues	issue	NOUN
fbem-14880	56	14	can	can	AUX
fbem-14880	56	15	be	be	AUX
fbem-14880	56	16	handled	handle	VERB
fbem-14880	56	17	or	or	CCONJ
fbem-14880	56	18	almost	almost	ADV
fbem-14880	56	19	are	be	AUX
fbem-14880	56	20	addressed	address	VERB
fbem-14880	56	21	;	;	PUNCT
fbem-14880	56	22	however	however	ADV
fbem-14880	56	23	,	,	PUNCT
fbem-14880	56	24	the	the	DET
fbem-14880	56	25	subjective	subjective	ADJ
fbem-14880	56	26	factors	factor	NOUN
fbem-14880	56	27	can	can	AUX
fbem-14880	56	28	not	not	PART
fbem-14880	56	29	be	be	AUX
fbem-14880	56	30	ignored	ignore	VERB
fbem-14880	56	31	due	due	ADJ
fbem-14880	56	32	to	to	ADP
fbem-14880	56	33	the	the	DET
fbem-14880	56	34	fact	fact	NOUN
fbem-14880	56	35	that	that	SCONJ
fbem-14880	56	36	the	the	DET
fbem-14880	56	37	independence	independence	NOUN
fbem-14880	56	38	of	of	ADP
fbem-14880	56	39	independent	independent	ADJ
fbem-14880	56	40	directors	director	NOUN
fbem-14880	56	41	implies	imply	VERB
fbem-14880	56	42	a	a	DET
fbem-14880	56	43	condition	condition	NOUN
fbem-14880	56	44	of	of	ADP
fbem-14880	56	45	antagonism	antagonism	NOUN
fbem-14880	56	46	to	to	ADP
fbem-14880	56	47	others	other	NOUN
fbem-14880	56	48	[	[	X
fbem-14880	56	49	9	9	NUM
fbem-14880	56	50	]	]	PUNCT
fbem-14880	56	51	.	.	PUNCT
fbem-14880	57	1	in	in	ADP
fbem-14880	57	2	principle	principle	NOUN
fbem-14880	57	3	,	,	PUNCT
fbem-14880	57	4	independent	independent	ADJ
fbem-14880	57	5	directors	director	NOUN
fbem-14880	57	6	are	be	AUX
fbem-14880	57	7	what	what	PRON
fbem-14880	57	8	make	make	VERB
fbem-14880	57	9	self	self	NOUN
fbem-14880	57	10	-	-	PUNCT
fbem-14880	57	11	dealing	deal	VERB
fbem-14880	57	12	possible	possible	ADJ
fbem-14880	57	13	in	in	ADP
fbem-14880	57	14	accordance	accordance	NOUN
fbem-14880	57	15	with	with	ADP
fbem-14880	57	16	the	the	DET
fbem-14880	57	17	rules	rule	NOUN
fbem-14880	57	18	of	of	ADP
fbem-14880	57	19	the	the	DET
fbem-14880	57	20	market	market	NOUN
fbem-14880	57	21	;	;	PUNCT
fbem-14880	57	22	yet	yet	CCONJ
fbem-14880	57	23	,	,	PUNCT
fbem-14880	57	24	in	in	ADP
fbem-14880	57	25	practice	practice	NOUN
fbem-14880	57	26	,	,	PUNCT
fbem-14880	57	27	independent	independent	ADJ
fbem-14880	57	28	directors	director	NOUN
fbem-14880	57	29	are	be	AUX
fbem-14880	57	30	chosen	choose	VERB
fbem-14880	57	31	very	very	ADV
fbem-14880	57	32	infrequently	infrequently	ADV
fbem-14880	57	33	without	without	ADP
fbem-14880	57	34	at	at	ADP
fbem-14880	57	35	least	least	ADJ
fbem-14880	57	36	the	the	DET
fbem-14880	57	37	previous	previous	ADJ
fbem-14880	57	38	consent	consent	NOUN
fbem-14880	57	39	of	of	ADP
fbem-14880	57	40	management	management	NOUN
fbem-14880	57	41	.	.	PUNCT
fbem-14880	58	1	in	in	ADP
fbem-14880	58	2	addition	addition	NOUN
fbem-14880	58	3	to	to	ADP
fbem-14880	58	4	this	this	PRON
fbem-14880	58	5	,	,	PUNCT
fbem-14880	58	6	we	we	PRON
fbem-14880	58	7	have	have	VERB
fbem-14880	58	8	to	to	PART
fbem-14880	58	9	consider	consider	VERB
fbem-14880	58	10	a	a	DET
fbem-14880	58	11	situation	situation	NOUN
fbem-14880	58	12	where	where	SCONJ
fbem-14880	58	13	there	there	PRON
fbem-14880	58	14	is	be	VERB
fbem-14880	58	15	a	a	DET
fbem-14880	58	16	risk	risk	NOUN
fbem-14880	58	17	that	that	SCONJ
fbem-14880	58	18	management	management	NOUN
fbem-14880	58	19	may	may	AUX
fbem-14880	58	20	become	become	VERB
fbem-14880	58	21	disillusioned	disillusioned	ADJ
fbem-14880	58	22	,	,	PUNCT
fbem-14880	58	23	and	and	CCONJ
fbem-14880	58	24	thus	thus	ADV
fbem-14880	58	25	the	the	DET
fbem-14880	58	26	welfare	welfare	NOUN
fbem-14880	58	27	of	of	ADP
fbem-14880	58	28	shareholders	shareholder	NOUN
fbem-14880	58	29	,	,	PUNCT
fbem-14880	58	30	if	if	SCONJ
fbem-14880	58	31	responsible	responsible	ADJ
fbem-14880	58	32	independent	independent	ADJ
fbem-14880	58	33	directors	director	NOUN
fbem-14880	58	34	prevent	prevent	VERB
fbem-14880	58	35	excessive	excessive	ADJ
fbem-14880	58	36	management	management	NOUN
fbem-14880	58	37	self	self	NOUN
fbem-14880	58	38	-	-	PUNCT
fbem-14880	58	39	dealing	dealing	NOUN
fbem-14880	58	40	.	.	PUNCT
fbem-14880	59	1	in	in	ADP
fbem-14880	59	2	summary	summary	NOUN
fbem-14880	59	3	,	,	PUNCT
fbem-14880	59	4	the	the	DET
fbem-14880	59	5	criteria	criterion	NOUN
fbem-14880	59	6	for	for	ADP
fbem-14880	59	7	free	free	ADJ
fbem-14880	59	8	trading	trading	NOUN
fbem-14880	59	9	,	,	PUNCT
fbem-14880	59	10	the	the	DET
fbem-14880	59	11	certification	certification	NOUN
fbem-14880	59	12	of	of	ADP
fbem-14880	59	13	relevant	relevant	ADJ
fbem-14880	59	14	facts	fact	NOUN
fbem-14880	59	15	and	and	CCONJ
fbem-14880	59	16	the	the	DET
fbem-14880	59	17	psychological	psychological	ADJ
fbem-14880	59	18	pressures	pressure	NOUN
fbem-14880	59	19	faced	face	VERB
fbem-14880	59	20	by	by	ADP
fbem-14880	59	21	independent	independent	ADJ
fbem-14880	59	22	directors	director	NOUN
fbem-14880	59	23	have	have	AUX
fbem-14880	59	24	resulted	result	VERB
fbem-14880	59	25	in	in	ADP
fbem-14880	59	26	independent	independent	ADJ
fbem-14880	59	27	directors	director	NOUN
fbem-14880	59	28	not	not	PART
fbem-14880	59	29	being	be	AUX
fbem-14880	59	30	able	able	ADJ
fbem-14880	59	31	to	to	PART
fbem-14880	59	32	do	do	VERB
fbem-14880	59	33	a	a	DET
fbem-14880	59	34	very	very	ADV
fbem-14880	59	35	good	good	ADJ
fbem-14880	59	36	job	job	NOUN
fbem-14880	59	37	of	of	ADP
fbem-14880	59	38	regulating	regulate	VERB
fbem-14880	59	39	free	free	ADJ
fbem-14880	59	40	trading	trading	NOUN
fbem-14880	59	41	.	.	PUNCT
fbem-14880	60	1	however	however	ADV
fbem-14880	60	2	,	,	PUNCT
fbem-14880	60	3	this	this	PRON
fbem-14880	60	4	does	do	AUX
fbem-14880	60	5	not	not	PART
fbem-14880	60	6	mean	mean	VERB
fbem-14880	60	7	that	that	SCONJ
fbem-14880	60	8	independent	independent	ADJ
fbem-14880	60	9	directors	director	NOUN
fbem-14880	60	10	have	have	AUX
fbem-14880	60	11	not	not	PART
fbem-14880	60	12	limited	limit	VERB
fbem-14880	60	13	management	management	NOUN
fbem-14880	60	14	expansion	expansion	NOUN
fbem-14880	60	15	,	,	PUNCT
fbem-14880	60	16	but	but	CCONJ
fbem-14880	60	17	only	only	ADV
fbem-14880	60	18	that	that	SCONJ
fbem-14880	60	19	the	the	DET
fbem-14880	60	20	effectiveness	effectiveness	NOUN
fbem-14880	60	21	of	of	ADP
fbem-14880	60	22	independent	independent	ADJ
fbem-14880	60	23	directors	director	NOUN
fbem-14880	60	24	'	'	PART
fbem-14880	60	25	management	management	NOUN
fbem-14880	60	26	may	may	AUX
fbem-14880	60	27	be	be	AUX
fbem-14880	60	28	less	less	ADJ
fbem-14880	60	29	than	than	ADP
fbem-14880	60	30	satisfactory	satisfactory	ADJ
fbem-14880	60	31	[	[	X
fbem-14880	60	32	10	10	NUM
fbem-14880	60	33	]	]	PUNCT
fbem-14880	60	34	.	.	PUNCT
fbem-14880	61	1	3.3	3.3	NUM
fbem-14880	61	2	.	.	PUNCT
fbem-14880	62	1	wealth	wealth	NOUN
fbem-14880	62	2	maximization	maximization	PROPN
fbem-14880	62	3	task	task	PROPN
fbem-14880	62	4	independent	independent	ADJ
fbem-14880	62	5	directors	director	NOUN
fbem-14880	62	6	have	have	VERB
fbem-14880	62	7	a	a	DET
fbem-14880	62	8	responsibility	responsibility	NOUN
fbem-14880	62	9	to	to	PART
fbem-14880	62	10	maximize	maximize	VERB
fbem-14880	62	11	wealth	wealth	NOUN
fbem-14880	62	12	and	and	CCONJ
fbem-14880	62	13	,	,	PUNCT
fbem-14880	62	14	in	in	ADP
fbem-14880	62	15	order	order	NOUN
fbem-14880	62	16	to	to	PART
fbem-14880	62	17	improve	improve	VERB
fbem-14880	62	18	the	the	DET
fbem-14880	62	19	performance	performance	NOUN
fbem-14880	62	20	of	of	ADP
fbem-14880	62	21	management	management	NOUN
fbem-14880	62	22	,	,	PUNCT
fbem-14880	62	23	the	the	DET
fbem-14880	62	24	value	value	NOUN
fbem-14880	62	25	of	of	ADP
fbem-14880	62	26	independent	independent	ADJ
fbem-14880	62	27	directors	director	NOUN
fbem-14880	62	28	is	be	AUX
fbem-14880	62	29	mainly	mainly	ADV
fbem-14880	62	30	in	in	ADP
fbem-14880	62	31	providing	provide	VERB
fbem-14880	62	32	advice	advice	NOUN
fbem-14880	62	33	and	and	CCONJ
fbem-14880	62	34	giving	giving	NOUN
fbem-14880	62	35	counsel	counsel	NOUN
fbem-14880	62	36	.	.	PUNCT
fbem-14880	63	1	this	this	DET
fbem-14880	63	2	function	function	NOUN
fbem-14880	63	3	of	of	ADP
fbem-14880	63	4	the	the	DET
fbem-14880	63	5	independent	independent	ADJ
fbem-14880	63	6	director	director	NOUN
fbem-14880	63	7	is	be	AUX
fbem-14880	63	8	requested	request	VERB
fbem-14880	63	9	by	by	ADP
fbem-14880	63	10	the	the	DET
fbem-14880	63	11	manager	manager	NOUN
fbem-14880	63	12	on	on	ADP
fbem-14880	63	13	his	his	PRON
fbem-14880	63	14	or	or	CCONJ
fbem-14880	63	15	her	her	PRON
fbem-14880	63	16	own	own	ADJ
fbem-14880	63	17	initiative	initiative	NOUN
fbem-14880	63	18	,	,	PUNCT
fbem-14880	63	19	for	for	ADP
fbem-14880	63	20	example	example	NOUN
fbem-14880	63	21	,	,	PUNCT
fbem-14880	63	22	when	when	SCONJ
fbem-14880	63	23	management	management	NOUN
fbem-14880	63	24	consults	consult	VERB
fbem-14880	63	25	the	the	DET
fbem-14880	63	26	independent	independent	ADJ
fbem-14880	63	27	director	director	NOUN
fbem-14880	63	28	.	.	PUNCT
fbem-14880	64	1	however	however	ADV
fbem-14880	64	2	,	,	PUNCT
fbem-14880	64	3	according	accord	VERB
fbem-14880	64	4	to	to	ADP
fbem-14880	64	5	a	a	DET
fbem-14880	64	6	recent	recent	ADJ
fbem-14880	64	7	theory	theory	NOUN
fbem-14880	64	8	,	,	PUNCT
fbem-14880	64	9	the	the	DET
fbem-14880	64	10	function	function	NOUN
fbem-14880	64	11	of	of	ADP
fbem-14880	64	12	the	the	DET
fbem-14880	64	13	independent	independent	ADJ
fbem-14880	64	14	director	director	NOUN
fbem-14880	64	15	is	be	AUX
fbem-14880	64	16	to	to	PART
fbem-14880	64	17	'	'	PUNCT
fbem-14880	64	18	monitor	monitor	VERB
fbem-14880	64	19	'	'	PUNCT
fbem-14880	64	20	,	,	PUNCT
fbem-14880	64	21	which	which	PRON
fbem-14880	64	22	involves	involve	VERB
fbem-14880	64	23	the	the	DET
fbem-14880	64	24	independent	independent	ADJ
fbem-14880	64	25	director	director	NOUN
fbem-14880	64	26	identifying	identify	VERB
fbem-14880	64	27	management	management	NOUN
fbem-14880	64	28	problems	problem	NOUN
fbem-14880	64	29	,	,	PUNCT
fbem-14880	64	30	assessing	assess	VERB
fbem-14880	64	31	management	management	NOUN
fbem-14880	64	32	performance	performance	NOUN
fbem-14880	64	33	and	and	CCONJ
fbem-14880	64	34	,	,	PUNCT
fbem-14880	64	35	where	where	SCONJ
fbem-14880	64	36	necessary	necessary	ADJ
fbem-14880	64	37	,	,	PUNCT
fbem-14880	64	38	implementing	implement	VERB
fbem-14880	64	39	management	management	NOUN
fbem-14880	64	40	plans	plan	NOUN
fbem-14880	64	41	or	or	CCONJ
fbem-14880	64	42	even	even	ADV
fbem-14880	64	43	replacing	replace	VERB
fbem-14880	64	44	management	management	NOUN
fbem-14880	64	45	.	.	PUNCT
fbem-14880	65	1	but	but	CCONJ
fbem-14880	65	2	this	this	DET
fbem-14880	65	3	monitoring	monitoring	NOUN
fbem-14880	65	4	function	function	NOUN
fbem-14880	65	5	is	be	AUX
fbem-14880	65	6	difficult	difficult	ADJ
fbem-14880	65	7	to	to	PART
fbem-14880	65	8	achieve	achieve	VERB
fbem-14880	65	9	.	.	PUNCT
fbem-14880	66	1	in	in	ADP
fbem-14880	66	2	addition	addition	NOUN
fbem-14880	66	3	,	,	PUNCT
fbem-14880	66	4	how	how	SCONJ
fbem-14880	66	5	should	should	AUX
fbem-14880	66	6	management	management	NOUN
fbem-14880	66	7	's	's	PART
fbem-14880	66	8	efforts	effort	NOUN
fbem-14880	66	9	to	to	PART
fbem-14880	66	10	maximize	maximize	VERB
fbem-14880	66	11	shareholder	shareholder	NOUN
fbem-14880	66	12	wealth	wealth	NOUN
fbem-14880	66	13	be	be	AUX
fbem-14880	66	14	assessed	assess	VERB
fbem-14880	66	15	?	?	PUNCT
fbem-14880	67	1	there	there	PRON
fbem-14880	67	2	is	be	VERB
fbem-14880	67	3	no	no	DET
fbem-14880	67	4	standard	standard	ADJ
fbem-14880	67	5	answer	answer	NOUN
fbem-14880	67	6	to	to	ADP
fbem-14880	67	7	this	this	DET
fbem-14880	67	8	question	question	NOUN
fbem-14880	67	9	and	and	CCONJ
fbem-14880	67	10	the	the	DET
fbem-14880	67	11	assessment	assessment	NOUN
fbem-14880	67	12	is	be	AUX
fbem-14880	67	13	an	an	DET
fbem-14880	67	14	open	open	ADV
fbem-14880	67	15	-	-	PUNCT
fbem-14880	67	16	ended	end	VERB
fbem-14880	67	17	one	one	NUM
fbem-14880	67	18	[	[	X
fbem-14880	67	19	11	11	NUM
fbem-14880	67	20	]	]	PUNCT
fbem-14880	67	21	.	.	PUNCT
fbem-14880	68	1	however	however	ADV
fbem-14880	68	2	,	,	PUNCT
fbem-14880	68	3	management	management	NOUN
fbem-14880	68	4	is	be	AUX
fbem-14880	68	5	often	often	ADV
fbem-14880	68	6	not	not	PART
fbem-14880	68	7	quick	quick	ADJ
fbem-14880	68	8	to	to	PART
fbem-14880	68	9	provide	provide	VERB
fbem-14880	68	10	key	key	ADJ
fbem-14880	68	11	information	information	NOUN
fbem-14880	68	12	to	to	ADP
fbem-14880	68	13	the	the	DET
fbem-14880	68	14	board	board	NOUN
fbem-14880	68	15	and	and	CCONJ
fbem-14880	68	16	the	the	DET
fbem-14880	68	17	structure	structure	NOUN
fbem-14880	68	18	of	of	ADP
fbem-14880	68	19	the	the	DET
fbem-14880	68	20	decisionmaking	decisionmake	VERB
fbem-14880	68	21	process	process	NOUN
fbem-14880	68	22	is	be	AUX
fbem-14880	68	23	such	such	ADJ
fbem-14880	68	24	that	that	SCONJ
fbem-14880	68	25	the	the	DET
fbem-14880	68	26	board	board	NOUN
fbem-14880	68	27	can	can	AUX
fbem-14880	68	28	not	not	PART
fbem-14880	68	29	easily	easily	ADV
fbem-14880	68	30	rely	rely	VERB
fbem-14880	68	31	on	on	ADP
fbem-14880	68	32	information	information	NOUN
fbem-14880	68	33	provided	provide	VERB
fbem-14880	68	34	by	by	ADP
fbem-14880	68	35	management	management	NOUN
fbem-14880	68	36	,	,	PUNCT
fbem-14880	68	37	so	so	CCONJ
fbem-14880	68	38	there	there	PRON
fbem-14880	68	39	is	be	VERB
fbem-14880	68	40	more	more	ADJ
fbem-14880	68	41	scope	scope	NOUN
fbem-14880	68	42	for	for	SCONJ
fbem-14880	68	43	the	the	DET
fbem-14880	68	44	board	board	NOUN
fbem-14880	68	45	to	to	PART
fbem-14880	68	46	act	act	VERB
fbem-14880	68	47	on	on	ADP
fbem-14880	68	48	its	its	PRON
fbem-14880	68	49	own	own	ADJ
fbem-14880	68	50	initiative	initiative	NOUN
fbem-14880	68	51	.	.	PUNCT
fbem-14880	69	1	but	but	CCONJ
fbem-14880	69	2	to	to	PART
fbem-14880	69	3	get	get	VERB
fbem-14880	69	4	this	this	DET
fbem-14880	69	5	oversight	oversight	NOUN
fbem-14880	69	6	right	right	ADV
fbem-14880	69	7	requires	require	VERB
fbem-14880	69	8	a	a	DET
fbem-14880	69	9	significant	significant	ADJ
fbem-14880	69	10	investment	investment	NOUN
fbem-14880	69	11	of	of	ADP
fbem-14880	69	12	time	time	NOUN
fbem-14880	69	13	and	and	CCONJ
fbem-14880	69	14	effort	effort	NOUN
fbem-14880	69	15	,	,	PUNCT
fbem-14880	69	16	and	and	CCONJ
fbem-14880	69	17	these	these	DET
fbem-14880	69	18	directors	director	NOUN
fbem-14880	69	19	are	be	AUX
fbem-14880	69	20	unable	unable	ADJ
fbem-14880	69	21	to	to	PART
fbem-14880	69	22	do	do	VERB
fbem-14880	69	23	so	so	ADV
fbem-14880	69	24	without	without	ADP
fbem-14880	69	25	the	the	DET
fbem-14880	69	26	help	help	NOUN
fbem-14880	69	27	of	of	ADP
fbem-14880	69	28	others	other	NOUN
fbem-14880	69	29	.	.	PUNCT
fbem-14880	70	1	in	in	ADP
fbem-14880	70	2	such	such	ADJ
fbem-14880	70	3	cases	case	NOUN
fbem-14880	70	4	,	,	PUNCT
fbem-14880	70	5	many	many	ADJ
fbem-14880	70	6	people	people	NOUN
fbem-14880	70	7	want	want	VERB
fbem-14880	70	8	to	to	PART
fbem-14880	70	9	let	let	VERB
fbem-14880	70	10	the	the	DET
fbem-14880	70	11	independent	independent	ADJ
fbem-14880	70	12	directors	director	NOUN
fbem-14880	70	13	take	take	VERB
fbem-14880	70	14	the	the	DET
fbem-14880	70	15	risk	risk	NOUN
fbem-14880	70	16	of	of	ADP
fbem-14880	70	17	supervision	supervision	NOUN
fbem-14880	70	18	.	.	PUNCT
fbem-14880	71	1	independent	independent	ADJ
fbem-14880	71	2	directors	director	NOUN
fbem-14880	71	3	need	need	VERB
fbem-14880	71	4	to	to	PART
fbem-14880	71	5	participate	participate	VERB
fbem-14880	71	6	in	in	ADP
fbem-14880	71	7	decision	decision	NOUN
fbem-14880	71	8	-	-	PUNCT
fbem-14880	71	9	making	making	NOUN
fbem-14880	71	10	with	with	ADP
fbem-14880	71	11	inside	inside	ADJ
fbem-14880	71	12	directors	director	NOUN
fbem-14880	71	13	in	in	ADP
fbem-14880	71	14	order	order	NOUN
fbem-14880	71	15	to	to	PART
fbem-14880	71	16	improve	improve	VERB
fbem-14880	71	17	regulatory	regulatory	ADJ
fbem-14880	71	18	efficiency	efficiency	NOUN
fbem-14880	71	19	and	and	CCONJ
fbem-14880	71	20	achieve	achieve	VERB
fbem-14880	71	21	the	the	DET
fbem-14880	71	22	wealth	wealth	NOUN
fbem-14880	71	23	maximization	maximization	NOUN
fbem-14880	71	24	mandate	mandate	NOUN
fbem-14880	71	25	.	.	PUNCT
fbem-14880	72	1	however	however	ADV
fbem-14880	72	2	,	,	PUNCT
fbem-14880	72	3	in	in	ADP
fbem-14880	72	4	order	order	NOUN
fbem-14880	72	5	to	to	PART
fbem-14880	72	6	maintain	maintain	VERB
fbem-14880	72	7	good	good	ADJ
fbem-14880	72	8	working	working	NOUN
fbem-14880	72	9	and	and	CCONJ
fbem-14880	72	10	interpersonal	interpersonal	ADJ
fbem-14880	72	11	relationships	relationship	NOUN
fbem-14880	72	12	,	,	PUNCT
fbem-14880	72	13	independent	independent	ADJ
fbem-14880	72	14	directors	director	NOUN
fbem-14880	72	15	will	will	AUX
fbem-14880	72	16	rarely	rarely	ADV
fbem-14880	72	17	make	make	VERB
fbem-14880	72	18	recommendations	recommendation	NOUN
fbem-14880	72	19	to	to	ADP
fbem-14880	72	20	management	management	NOUN
fbem-14880	72	21	.	.	PUNCT
fbem-14880	73	1	therefore	therefore	ADV
fbem-14880	73	2	,	,	PUNCT
fbem-14880	73	3	it	it	PRON
fbem-14880	73	4	is	be	AUX
fbem-14880	73	5	difficult	difficult	ADJ
fbem-14880	73	6	to	to	PART
fbem-14880	73	7	201	201	NUM
fbem-14880	73	8	get	get	VERB
fbem-14880	73	9	independent	independent	ADJ
fbem-14880	73	10	directors	director	NOUN
fbem-14880	73	11	to	to	PART
fbem-14880	73	12	take	take	VERB
fbem-14880	73	13	the	the	DET
fbem-14880	73	14	initiative	initiative	NOUN
fbem-14880	73	15	to	to	PART
fbem-14880	73	16	raise	raise	VERB
fbem-14880	73	17	management	management	NOUN
fbem-14880	73	18	's	's	PART
fbem-14880	73	19	shortcomings	shortcoming	NOUN
fbem-14880	73	20	and	and	CCONJ
fbem-14880	73	21	give	give	VERB
fbem-14880	73	22	suggestions	suggestion	NOUN
fbem-14880	73	23	for	for	ADP
fbem-14880	73	24	correction	correction	NOUN
fbem-14880	73	25	[	[	X
fbem-14880	73	26	12	12	NUM
fbem-14880	73	27	]	]	PUNCT
fbem-14880	73	28	.	.	PUNCT
fbem-14880	74	1	and	and	CCONJ
fbem-14880	74	2	do	do	VERB
fbem-14880	74	3	independent	independent	ADJ
fbem-14880	74	4	directors	director	NOUN
fbem-14880	74	5	play	play	VERB
fbem-14880	74	6	a	a	DET
fbem-14880	74	7	role	role	NOUN
fbem-14880	74	8	in	in	ADP
fbem-14880	74	9	improving	improve	VERB
fbem-14880	74	10	management	management	NOUN
fbem-14880	74	11	performance	performance	NOUN
fbem-14880	74	12	and	and	CCONJ
fbem-14880	74	13	maximizing	maximize	VERB
fbem-14880	74	14	wealth	wealth	NOUN
fbem-14880	74	15	?	?	PUNCT
fbem-14880	75	1	the	the	DET
fbem-14880	75	2	available	available	ADJ
fbem-14880	75	3	data	datum	NOUN
fbem-14880	75	4	provides	provide	VERB
fbem-14880	75	5	little	little	ADJ
fbem-14880	75	6	evidence	evidence	NOUN
fbem-14880	75	7	that	that	SCONJ
fbem-14880	75	8	independent	independent	ADJ
fbem-14880	75	9	directors	director	NOUN
fbem-14880	75	10	play	play	VERB
fbem-14880	75	11	a	a	DET
fbem-14880	75	12	large	large	ADJ
fbem-14880	75	13	role	role	NOUN
fbem-14880	75	14	.	.	PUNCT
fbem-14880	76	1	there	there	PRON
fbem-14880	76	2	is	be	VERB
fbem-14880	76	3	some	some	DET
fbem-14880	76	4	evidence	evidence	NOUN
fbem-14880	76	5	that	that	SCONJ
fbem-14880	76	6	a	a	DET
fbem-14880	76	7	significant	significant	ADJ
fbem-14880	76	8	number	number	NOUN
fbem-14880	76	9	of	of	ADP
fbem-14880	76	10	independent	independent	ADJ
fbem-14880	76	11	directors	director	NOUN
fbem-14880	76	12	are	be	AUX
fbem-14880	76	13	more	more	ADV
fbem-14880	76	14	diligent	diligent	ADJ
fbem-14880	76	15	in	in	ADP
fbem-14880	76	16	supervising	supervise	VERB
fbem-14880	76	17	managers	manager	NOUN
fbem-14880	76	18	than	than	ADP
fbem-14880	76	19	internal	internal	ADJ
fbem-14880	76	20	boards	board	NOUN
fbem-14880	76	21	;	;	PUNCT
fbem-14880	76	22	however	however	ADV
fbem-14880	76	23	,	,	PUNCT
fbem-14880	76	24	there	there	PRON
fbem-14880	76	25	is	be	VERB
fbem-14880	76	26	also	also	ADV
fbem-14880	76	27	evidence	evidence	NOUN
fbem-14880	76	28	that	that	SCONJ
fbem-14880	76	29	managers	manager	NOUN
fbem-14880	76	30	do	do	AUX
fbem-14880	76	31	not	not	PART
fbem-14880	76	32	perform	perform	VERB
fbem-14880	76	33	better	well	ADV
fbem-14880	76	34	under	under	ADP
fbem-14880	76	35	independent	independent	ADJ
fbem-14880	76	36	directors	director	NOUN
fbem-14880	76	37	[	[	X
fbem-14880	76	38	13	13	NUM
fbem-14880	76	39	]	]	PUNCT
fbem-14880	76	40	.	.	PUNCT
fbem-14880	77	1	other	other	ADJ
fbem-14880	77	2	evidence	evidence	NOUN
fbem-14880	77	3	suggests	suggest	VERB
fbem-14880	77	4	that	that	SCONJ
fbem-14880	77	5	the	the	DET
fbem-14880	77	6	most	most	ADV
fbem-14880	77	7	important	important	ADJ
fbem-14880	77	8	monitoring	monitoring	NOUN
fbem-14880	77	9	role	role	NOUN
fbem-14880	77	10	of	of	ADP
fbem-14880	77	11	independent	independent	ADJ
fbem-14880	77	12	directors	director	NOUN
fbem-14880	77	13	is	be	AUX
fbem-14880	77	14	to	to	PART
fbem-14880	77	15	motivate	motivate	VERB
fbem-14880	77	16	management	management	NOUN
fbem-14880	77	17	,	,	PUNCT
fbem-14880	77	18	who	who	PRON
fbem-14880	77	19	are	be	AUX
fbem-14880	77	20	required	require	VERB
fbem-14880	77	21	to	to	PART
fbem-14880	77	22	report	report	VERB
fbem-14880	77	23	to	to	ADP
fbem-14880	77	24	the	the	DET
fbem-14880	77	25	independent	independent	ADJ
fbem-14880	77	26	directors	director	NOUN
fbem-14880	77	27	.	.	PUNCT
fbem-14880	78	1	however	however	ADV
fbem-14880	78	2	,	,	PUNCT
fbem-14880	78	3	these	these	DET
fbem-14880	78	4	findings	finding	NOUN
fbem-14880	78	5	only	only	ADV
fbem-14880	78	6	show	show	VERB
fbem-14880	78	7	that	that	SCONJ
fbem-14880	78	8	independent	independent	ADJ
fbem-14880	78	9	directors	director	NOUN
fbem-14880	78	10	do	do	AUX
fbem-14880	78	11	not	not	PART
fbem-14880	78	12	play	play	VERB
fbem-14880	78	13	a	a	DET
fbem-14880	78	14	role	role	NOUN
fbem-14880	78	15	in	in	ADP
fbem-14880	78	16	maximizing	maximize	VERB
fbem-14880	78	17	performance	performance	NOUN
fbem-14880	78	18	,	,	PUNCT
fbem-14880	78	19	not	not	PART
fbem-14880	78	20	that	that	SCONJ
fbem-14880	78	21	they	they	PRON
fbem-14880	78	22	do	do	AUX
fbem-14880	78	23	not	not	PART
fbem-14880	78	24	play	play	VERB
fbem-14880	78	25	a	a	DET
fbem-14880	78	26	role	role	NOUN
fbem-14880	78	27	in	in	ADP
fbem-14880	78	28	maximizing	maximize	VERB
fbem-14880	78	29	wealth	wealth	NOUN
fbem-14880	78	30	.	.	PUNCT
fbem-14880	79	1	in	in	ADP
fbem-14880	79	2	conclusion	conclusion	NOUN
fbem-14880	79	3	,	,	PUNCT
fbem-14880	79	4	there	there	PRON
fbem-14880	79	5	are	be	VERB
fbem-14880	79	6	many	many	ADJ
fbem-14880	79	7	different	different	ADJ
fbem-14880	79	8	views	view	NOUN
fbem-14880	79	9	on	on	ADP
fbem-14880	79	10	whether	whether	SCONJ
fbem-14880	79	11	independent	independent	ADJ
fbem-14880	79	12	directors	director	NOUN
fbem-14880	79	13	have	have	AUX
fbem-14880	79	14	a	a	DET
fbem-14880	79	15	role	role	NOUN
fbem-14880	79	16	in	in	ADP
fbem-14880	79	17	maximizing	maximize	VERB
fbem-14880	79	18	wealth	wealth	NOUN
fbem-14880	79	19	.	.	PUNCT
fbem-14880	80	1	however	however	ADV
fbem-14880	80	2	,	,	PUNCT
fbem-14880	80	3	it	it	PRON
fbem-14880	80	4	is	be	AUX
fbem-14880	80	5	indisputable	indisputable	ADJ
fbem-14880	80	6	that	that	SCONJ
fbem-14880	80	7	independent	independent	ADJ
fbem-14880	80	8	directors	director	NOUN
fbem-14880	80	9	do	do	AUX
fbem-14880	80	10	improve	improve	VERB
fbem-14880	80	11	efficiency	efficiency	NOUN
fbem-14880	80	12	and	and	CCONJ
fbem-14880	80	13	performance	performance	NOUN
fbem-14880	80	14	,	,	PUNCT
fbem-14880	80	15	although	although	SCONJ
fbem-14880	80	16	the	the	DET
fbem-14880	80	17	effect	effect	NOUN
fbem-14880	80	18	is	be	AUX
fbem-14880	80	19	not	not	PART
fbem-14880	80	20	huge	huge	ADJ
fbem-14880	80	21	.	.	PUNCT
fbem-14880	81	1	4	4	X
fbem-14880	81	2	.	.	X
fbem-14880	81	3	the	the	DET
fbem-14880	81	4	practice	practice	NOUN
fbem-14880	81	5	of	of	ADP
fbem-14880	81	6	independent	independent	ADJ
fbem-14880	81	7	directors	director	NOUN
fbem-14880	81	8	there	there	PRON
fbem-14880	81	9	are	be	VERB
fbem-14880	81	10	significant	significant	ADJ
fbem-14880	81	11	differences	difference	NOUN
fbem-14880	81	12	between	between	ADP
fbem-14880	81	13	the	the	DET
fbem-14880	81	14	countries	country	NOUN
fbem-14880	81	15	of	of	ADP
fbem-14880	81	16	origin	origin	NOUN
fbem-14880	81	17	of	of	ADP
fbem-14880	81	18	independent	independent	ADJ
fbem-14880	81	19	directors	director	NOUN
fbem-14880	81	20	and	and	CCONJ
fbem-14880	81	21	india	india	PROPN
fbem-14880	81	22	in	in	ADP
fbem-14880	81	23	terms	term	NOUN
fbem-14880	81	24	of	of	ADP
fbem-14880	81	25	the	the	DET
fbem-14880	81	26	corporate	corporate	ADJ
fbem-14880	81	27	ownership	ownership	NOUN
fbem-14880	81	28	structures	structure	NOUN
fbem-14880	81	29	and	and	CCONJ
fbem-14880	81	30	legal	legal	ADJ
fbem-14880	81	31	frameworks	framework	NOUN
fbem-14880	81	32	.	.	PUNCT
fbem-14880	82	1	india	india	PROPN
fbem-14880	82	2	is	be	AUX
fbem-14880	82	3	one	one	NUM
fbem-14880	82	4	of	of	ADP
fbem-14880	82	5	the	the	DET
fbem-14880	82	6	countries	country	NOUN
fbem-14880	82	7	with	with	ADP
fbem-14880	82	8	the	the	DET
fbem-14880	82	9	most	most	ADV
fbem-14880	82	10	diverse	diverse	ADJ
fbem-14880	82	11	corporate	corporate	ADJ
fbem-14880	82	12	shareholding	shareholding	NOUN
fbem-14880	82	13	structures	structure	NOUN
fbem-14880	82	14	.	.	PUNCT
fbem-14880	83	1	due	due	ADP
fbem-14880	83	2	to	to	ADP
fbem-14880	83	3	the	the	DET
fbem-14880	83	4	decentralised	decentralise	VERB
fbem-14880	83	5	shareholding	shareholding	NOUN
fbem-14880	83	6	structure	structure	NOUN
fbem-14880	83	7	,	,	PUNCT
fbem-14880	83	8	independent	independent	ADJ
fbem-14880	83	9	directors	director	NOUN
fbem-14880	83	10	were	be	AUX
fbem-14880	83	11	required	require	VERB
fbem-14880	83	12	to	to	PART
fbem-14880	83	13	be	be	AUX
fbem-14880	83	14	included	include	VERB
fbem-14880	83	15	in	in	ADP
fbem-14880	83	16	the	the	DET
fbem-14880	83	17	corporate	corporate	ADJ
fbem-14880	83	18	governance	governance	NOUN
fbem-14880	83	19	requirements	requirement	NOUN
fbem-14880	83	20	of	of	ADP
fbem-14880	83	21	both	both	CCONJ
fbem-14880	83	22	the	the	DET
fbem-14880	83	23	united	united	PROPN
fbem-14880	83	24	states	states	PROPN
fbem-14880	83	25	and	and	CCONJ
fbem-14880	83	26	the	the	DET
fbem-14880	83	27	united	united	ADJ
fbem-14880	83	28	kingdom	kingdom	PROPN
fbem-14880	83	29	.	.	PUNCT
fbem-14880	84	1	these	these	DET
fbem-14880	84	2	rules	rule	NOUN
fbem-14880	84	3	were	be	AUX
fbem-14880	84	4	created	create	VERB
fbem-14880	84	5	so	so	SCONJ
fbem-14880	84	6	that	that	SCONJ
fbem-14880	84	7	independent	independent	ADJ
fbem-14880	84	8	directors	director	NOUN
fbem-14880	84	9	may	may	AUX
fbem-14880	84	10	serve	serve	VERB
fbem-14880	84	11	as	as	ADP
fbem-14880	84	12	a	a	DET
fbem-14880	84	13	management	management	NOUN
fbem-14880	84	14	monitoring	monitor	VERB
fbem-14880	84	15	tool	tool	NOUN
fbem-14880	84	16	for	for	ADP
fbem-14880	84	17	shareholder	shareholder	NOUN
fbem-14880	84	18	interests	interest	NOUN
fbem-14880	84	19	.	.	PUNCT
fbem-14880	85	1	however	however	ADV
fbem-14880	85	2	,	,	PUNCT
fbem-14880	85	3	applying	apply	VERB
fbem-14880	85	4	legal	legal	ADJ
fbem-14880	85	5	principles	principle	NOUN
fbem-14880	85	6	to	to	ADP
fbem-14880	85	7	a	a	DET
fbem-14880	85	8	nation	nation	NOUN
fbem-14880	85	9	like	like	ADP
fbem-14880	85	10	india	india	PROPN
fbem-14880	85	11	without	without	ADP
fbem-14880	85	12	taking	take	VERB
fbem-14880	85	13	into	into	ADP
fbem-14880	85	14	account	account	NOUN
fbem-14880	85	15	the	the	DET
fbem-14880	85	16	local	local	ADJ
fbem-14880	85	17	corporate	corporate	ADJ
fbem-14880	85	18	structure	structure	NOUN
fbem-14880	85	19	and	and	CCONJ
fbem-14880	85	20	related	related	ADJ
fbem-14880	85	21	aspects	aspect	NOUN
fbem-14880	85	22	may	may	AUX
fbem-14880	85	23	result	result	VERB
fbem-14880	85	24	in	in	ADP
fbem-14880	85	25	unforeseen	unforeseen	ADJ
fbem-14880	85	26	and	and	CCONJ
fbem-14880	85	27	disappointing	disappointing	ADJ
fbem-14880	85	28	outcomes	outcome	NOUN
fbem-14880	85	29	.	.	PUNCT
fbem-14880	86	1	4.1	4.1	NUM
fbem-14880	86	2	.	.	PUNCT
fbem-14880	87	1	the	the	DET
fbem-14880	87	2	practice	practice	NOUN
fbem-14880	87	3	of	of	ADP
fbem-14880	87	4	independent	independent	ADJ
fbem-14880	87	5	directors	director	NOUN
fbem-14880	87	6	in	in	ADP
fbem-14880	87	7	the	the	DET
fbem-14880	87	8	united	united	PROPN
fbem-14880	87	9	states	states	PROPN
fbem-14880	87	10	as	as	SCONJ
fbem-14880	87	11	mentioned	mention	VERB
fbem-14880	87	12	earlier	early	ADV
fbem-14880	87	13	in	in	ADP
fbem-14880	87	14	this	this	DET
fbem-14880	87	15	paper	paper	NOUN
fbem-14880	87	16	,	,	PUNCT
fbem-14880	87	17	the	the	DET
fbem-14880	87	18	us	us	PROPN
fbem-14880	87	19	confirmed	confirm	VERB
fbem-14880	87	20	the	the	DET
fbem-14880	87	21	relevant	relevant	ADJ
fbem-14880	87	22	provisions	provision	NOUN
fbem-14880	87	23	for	for	ADP
fbem-14880	87	24	independent	independent	ADJ
fbem-14880	87	25	directors	director	NOUN
fbem-14880	87	26	in	in	ADP
fbem-14880	87	27	the	the	DET
fbem-14880	87	28	sarbanesoxley	sarbanesoxley	NOUN
fbem-14880	87	29	act	act	NOUN
fbem-14880	87	30	of	of	ADP
fbem-14880	87	31	2002	2002	NUM
fbem-14880	87	32	.	.	PUNCT
fbem-14880	88	1	in	in	ADP
fbem-14880	88	2	practice	practice	NOUN
fbem-14880	88	3	,	,	PUNCT
fbem-14880	88	4	“	"	PUNCT
fbem-14880	88	5	american	american	ADJ
fbem-14880	88	6	boardroom	boardroom	NOUN
fbem-14880	88	7	practice	practice	NOUN
fbem-14880	88	8	is	be	AUX
fbem-14880	88	9	replete	replete	ADJ
fbem-14880	88	10	with	with	ADP
fbem-14880	88	11	instances	instance	NOUN
fbem-14880	88	12	favoring	favor	VERB
fbem-14880	88	13	independent	independent	ADJ
fbem-14880	88	14	directors	director	NOUN
fbem-14880	88	15	as	as	ADP
fbem-14880	88	16	a	a	DET
fbem-14880	88	17	solution	solution	NOUN
fbem-14880	88	18	to	to	ADP
fbem-14880	88	19	the	the	DET
fbem-14880	88	20	manager	manager	NOUN
fbem-14880	88	21	-	-	PUNCT
fbem-14880	88	22	shareholder	shareholder	NOUN
fbem-14880	88	23	agency	agency	NOUN
fbem-14880	88	24	problem	problem	NOUN
fbem-14880	88	25	”	"	PUNCT
fbem-14880	88	26	,	,	PUNCT
fbem-14880	88	27	the	the	DET
fbem-14880	88	28	independent	independent	ADJ
fbem-14880	88	29	director	director	NOUN
fbem-14880	88	30	was	be	AUX
fbem-14880	88	31	a	a	DET
fbem-14880	88	32	response	response	NOUN
fbem-14880	88	33	to	to	ADP
fbem-14880	88	34	the	the	DET
fbem-14880	88	35	‘	'	PUNCT
fbem-14880	88	36	manager	manager	NOUN
fbem-14880	88	37	-	-	PUNCT
fbem-14880	88	38	shareholder	shareholder	NOUN
fbem-14880	88	39	problem	problem	NOUN
fbem-14880	88	40	’	'	PUNCT
fbem-14880	88	41	,	,	PUNCT
fbem-14880	88	42	which	which	PRON
fbem-14880	88	43	was	be	AUX
fbem-14880	88	44	also	also	ADV
fbem-14880	88	45	a	a	DET
fbem-14880	88	46	problem	problem	NOUN
fbem-14880	88	47	raised	raise	VERB
fbem-14880	88	48	by	by	ADP
fbem-14880	88	49	the	the	DET
fbem-14880	88	50	legal	legal	ADJ
fbem-14880	88	51	and	and	CCONJ
fbem-14880	88	52	economic	economic	ADJ
fbem-14880	88	53	development	development	NOUN
fbem-14880	88	54	of	of	ADP
fbem-14880	88	55	independent	independent	ADJ
fbem-14880	88	56	directors	director	NOUN
fbem-14880	88	57	.	.	PUNCT
fbem-14880	89	1	the	the	DET
fbem-14880	89	2	monitoring	monitoring	NOUN
fbem-14880	89	3	board	board	NOUN
fbem-14880	89	4	was	be	AUX
fbem-14880	89	5	set	set	VERB
fbem-14880	89	6	up	up	ADP
fbem-14880	89	7	to	to	PART
fbem-14880	89	8	monitor	monitor	VERB
fbem-14880	89	9	managers	manager	NOUN
fbem-14880	89	10	,	,	PUNCT
fbem-14880	89	11	again	again	ADV
fbem-14880	89	12	in	in	ADP
fbem-14880	89	13	the	the	DET
fbem-14880	89	14	context	context	NOUN
fbem-14880	89	15	of	of	ADP
fbem-14880	89	16	the	the	DET
fbem-14880	89	17	'	'	PUNCT
fbem-14880	89	18	manager	manager	NOUN
fbem-14880	89	19	-	-	PUNCT
fbem-14880	89	20	shareholder	shareholder	NOUN
fbem-14880	89	21	problem	problem	NOUN
fbem-14880	89	22	'	'	PUNCT
fbem-14880	89	23	caused	cause	VERB
fbem-14880	89	24	by	by	ADP
fbem-14880	89	25	fragmented	fragmented	ADJ
fbem-14880	89	26	ownership	ownership	NOUN
fbem-14880	89	27	.	.	PUNCT
fbem-14880	90	1	when	when	SCONJ
fbem-14880	90	2	delaware	delaware	PROPN
fbem-14880	90	3	courts	court	NOUN
fbem-14880	90	4	in	in	ADP
fbem-14880	90	5	the	the	DET
fbem-14880	90	6	united	united	PROPN
fbem-14880	90	7	states	states	PROPN
fbem-14880	90	8	are	be	AUX
fbem-14880	90	9	faced	face	VERB
fbem-14880	90	10	with	with	ADP
fbem-14880	90	11	a	a	DET
fbem-14880	90	12	manager	manager	NOUN
fbem-14880	90	13	-	-	PUNCT
fbem-14880	90	14	shareholder	shareholder	NOUN
fbem-14880	90	15	agency	agency	NOUN
fbem-14880	90	16	problem	problem	NOUN
fbem-14880	90	17	,	,	PUNCT
fbem-14880	90	18	courts	court	NOUN
fbem-14880	90	19	often	often	ADV
fbem-14880	90	20	rely	rely	VERB
fbem-14880	90	21	on	on	ADP
fbem-14880	90	22	the	the	DET
fbem-14880	90	23	judgment	judgment	NOUN
fbem-14880	90	24	of	of	ADP
fbem-14880	90	25	independent	independent	ADJ
fbem-14880	90	26	directors	director	NOUN
fbem-14880	90	27	in	in	ADP
fbem-14880	90	28	three	three	NUM
fbem-14880	90	29	main	main	ADJ
fbem-14880	90	30	areas	area	NOUN
fbem-14880	90	31	:	:	PUNCT
fbem-14880	90	32	self	self	NOUN
fbem-14880	90	33	-	-	PUNCT
fbem-14880	90	34	dealing	deal	VERB
fbem-14880	90	35	transactions	transaction	NOUN
fbem-14880	90	36	,	,	PUNCT
fbem-14880	90	37	derivative	derivative	ADJ
fbem-14880	90	38	suits	suit	NOUN
fbem-14880	90	39	,	,	PUNCT
fbem-14880	90	40	and	and	CCONJ
fbem-14880	90	41	hostile	hostile	ADJ
fbem-14880	90	42	takeover	takeover	NOUN
fbem-14880	90	43	situations	situation	NOUN
fbem-14880	90	44	.	.	PUNCT
fbem-14880	91	1	in	in	ADP
fbem-14880	91	2	self	self	NOUN
fbem-14880	91	3	-	-	PUNCT
fbem-14880	91	4	dealing	deal	VERB
fbem-14880	91	5	transactions	transaction	NOUN
fbem-14880	91	6	,	,	PUNCT
fbem-14880	91	7	some	some	DET
fbem-14880	91	8	conflicting	conflicting	ADJ
fbem-14880	91	9	transactions	transaction	NOUN
fbem-14880	91	10	are	be	AUX
fbem-14880	91	11	unavoidable	unavoidable	ADJ
fbem-14880	91	12	,	,	PUNCT
fbem-14880	91	13	such	such	ADJ
fbem-14880	91	14	as	as	ADP
fbem-14880	91	15	executive	executive	ADJ
fbem-14880	91	16	remuneration	remuneration	NOUN
fbem-14880	91	17	.	.	PUNCT
fbem-14880	92	1	when	when	SCONJ
fbem-14880	92	2	such	such	ADJ
fbem-14880	92	3	conflicts	conflict	NOUN
fbem-14880	92	4	arise	arise	VERB
fbem-14880	92	5	,	,	PUNCT
fbem-14880	92	6	the	the	DET
fbem-14880	92	7	court	court	NOUN
fbem-14880	92	8	defers	defer	VERB
fbem-14880	92	9	to	to	ADP
fbem-14880	92	10	the	the	DET
fbem-14880	92	11	independent	independent	ADJ
fbem-14880	92	12	directors	director	NOUN
fbem-14880	92	13	,	,	PUNCT
fbem-14880	92	14	who	who	PRON
fbem-14880	92	15	are	be	AUX
fbem-14880	92	16	disinterested	disinterested	ADJ
fbem-14880	92	17	in	in	ADP
fbem-14880	92	18	these	these	DET
fbem-14880	92	19	transactions	transaction	NOUN
fbem-14880	92	20	,	,	PUNCT
fbem-14880	92	21	and	and	CCONJ
fbem-14880	92	22	this	this	PRON
fbem-14880	92	23	helps	help	VERB
fbem-14880	92	24	the	the	DET
fbem-14880	92	25	company	company	NOUN
fbem-14880	92	26	to	to	PART
fbem-14880	92	27	appoint	appoint	VERB
fbem-14880	92	28	and	and	CCONJ
fbem-14880	92	29	reward	reward	VERB
fbem-14880	92	30	managers	manager	NOUN
fbem-14880	92	31	.	.	PUNCT
fbem-14880	93	1	when	when	SCONJ
fbem-14880	93	2	it	it	PRON
fbem-14880	93	3	comes	come	VERB
fbem-14880	93	4	to	to	ADP
fbem-14880	93	5	derivative	derivative	ADJ
fbem-14880	93	6	suits	suit	NOUN
fbem-14880	93	7	,	,	PUNCT
fbem-14880	93	8	delaware	delaware	PROPN
fbem-14880	93	9	law	law	PROPN
fbem-14880	93	10	states	state	VERB
fbem-14880	93	11	:	:	PUNCT
fbem-14880	93	12	“	"	PUNCT
fbem-14880	93	13	whether	whether	SCONJ
fbem-14880	93	14	taking	take	VERB
fbem-14880	93	15	the	the	DET
fbem-14880	93	16	well	well	ADV
fbem-14880	93	17	-	-	PUNCT
fbem-14880	93	18	pleaded	plead	VERB
fbem-14880	93	19	facts	fact	NOUN
fbem-14880	93	20	as	as	ADP
fbem-14880	93	21	true	true	ADJ
fbem-14880	93	22	,	,	PUNCT
fbem-14880	93	23	the	the	DET
fbem-14880	93	24	allegations	allegation	NOUN
fbem-14880	93	25	raise	raise	VERB
fbem-14880	93	26	a	a	DET
fbem-14880	93	27	reasonable	reasonable	ADJ
fbem-14880	93	28	doubt	doubt	NOUN
fbem-14880	93	29	as	as	ADP
fbem-14880	93	30	to	to	ADP
fbem-14880	93	31	(	(	PUNCT
fbem-14880	93	32	i	i	NOUN
fbem-14880	93	33	)	)	PUNCT
fbem-14880	93	34	director	director	NOUN
fbem-14880	93	35	disinterest	disinterest	NOUN
fbem-14880	93	36	or	or	CCONJ
fbem-14880	93	37	independence	independence	NOUN
fbem-14880	93	38	or	or	CCONJ
fbem-14880	93	39	(	(	PUNCT
fbem-14880	93	40	ii	ii	NOUN
fbem-14880	93	41	)	)	PUNCT
fbem-14880	93	42	whether	whether	SCONJ
fbem-14880	93	43	the	the	DET
fbem-14880	93	44	directors	director	NOUN
fbem-14880	93	45	exercised	exercise	VERB
fbem-14880	93	46	proper	proper	ADJ
fbem-14880	93	47	business	business	NOUN
fbem-14880	93	48	judgment	judgment	NOUN
fbem-14880	93	49	in	in	ADP
fbem-14880	93	50	approving	approve	VERB
fbem-14880	93	51	the	the	DET
fbem-14880	93	52	challenged	challenge	VERB
fbem-14880	93	53	transaction	transaction	NOUN
fbem-14880	93	54	.	.	PUNCT
fbem-14880	93	55	”	"	PUNCT
fbem-14880	94	1	an	an	DET
fbem-14880	94	2	independent	independent	ADJ
fbem-14880	94	3	director	director	NOUN
fbem-14880	94	4	is	be	AUX
fbem-14880	94	5	one	one	NUM
fbem-14880	94	6	who	who	PRON
fbem-14880	94	7	can	can	AUX
fbem-14880	94	8	bring	bring	VERB
fbem-14880	94	9	a	a	DET
fbem-14880	94	10	derivative	derivative	ADJ
fbem-14880	94	11	action	action	NOUN
fbem-14880	94	12	directly	directly	ADV
fbem-14880	94	13	to	to	ADP
fbem-14880	94	14	the	the	DET
fbem-14880	94	15	court	court	NOUN
fbem-14880	94	16	without	without	ADP
fbem-14880	94	17	having	have	VERB
fbem-14880	94	18	to	to	PART
fbem-14880	94	19	make	make	VERB
fbem-14880	94	20	a	a	DET
fbem-14880	94	21	request	request	NOUN
fbem-14880	94	22	to	to	ADP
fbem-14880	94	23	the	the	DET
fbem-14880	94	24	board	board	NOUN
fbem-14880	94	25	of	of	ADP
fbem-14880	94	26	directors	director	NOUN
fbem-14880	94	27	to	to	PART
fbem-14880	94	28	do	do	VERB
fbem-14880	94	29	so	so	ADV
fbem-14880	94	30	.	.	PUNCT
fbem-14880	95	1	this	this	PRON
fbem-14880	95	2	is	be	AUX
fbem-14880	95	3	because	because	SCONJ
fbem-14880	95	4	the	the	DET
fbem-14880	95	5	law	law	NOUN
fbem-14880	95	6	requires	require	VERB
fbem-14880	95	7	that	that	SCONJ
fbem-14880	95	8	when	when	SCONJ
fbem-14880	95	9	a	a	DET
fbem-14880	95	10	shareholder	shareholder	NOUN
fbem-14880	95	11	wishes	wish	VERB
fbem-14880	95	12	to	to	PART
fbem-14880	95	13	bring	bring	VERB
fbem-14880	95	14	an	an	DET
fbem-14880	95	15	action	action	NOUN
fbem-14880	95	16	on	on	ADP
fbem-14880	95	17	behalf	behalf	NOUN
fbem-14880	95	18	of	of	ADP
fbem-14880	95	19	the	the	DET
fbem-14880	95	20	company	company	NOUN
fbem-14880	95	21	against	against	ADP
fbem-14880	95	22	a	a	DET
fbem-14880	95	23	director	director	NOUN
fbem-14880	95	24	or	or	CCONJ
fbem-14880	95	25	officer	officer	NOUN
fbem-14880	95	26	of	of	ADP
fbem-14880	95	27	the	the	DET
fbem-14880	95	28	company	company	NOUN
fbem-14880	95	29	,	,	PUNCT
fbem-14880	95	30	the	the	DET
fbem-14880	95	31	shareholder	shareholder	NOUN
fbem-14880	95	32	must	must	AUX
fbem-14880	95	33	make	make	VERB
fbem-14880	95	34	a	a	DET
fbem-14880	95	35	request	request	NOUN
fbem-14880	95	36	to	to	ADP
fbem-14880	95	37	the	the	DET
fbem-14880	95	38	board	board	NOUN
fbem-14880	95	39	of	of	ADP
fbem-14880	95	40	directors	director	NOUN
fbem-14880	95	41	,	,	PUNCT
fbem-14880	95	42	which	which	PRON
fbem-14880	95	43	in	in	ADP
fbem-14880	95	44	turn	turn	NOUN
fbem-14880	95	45	will	will	AUX
fbem-14880	95	46	bring	bring	VERB
fbem-14880	95	47	the	the	DET
fbem-14880	95	48	action	action	NOUN
fbem-14880	95	49	on	on	ADP
fbem-14880	95	50	behalf	behalf	NOUN
fbem-14880	95	51	of	of	ADP
fbem-14880	95	52	the	the	DET
fbem-14880	95	53	company	company	NOUN
fbem-14880	95	54	.	.	PUNCT
fbem-14880	96	1	however	however	ADV
fbem-14880	96	2	,	,	PUNCT
fbem-14880	96	3	boards	board	NOUN
fbem-14880	96	4	of	of	ADP
fbem-14880	96	5	directors	director	NOUN
fbem-14880	96	6	are	be	AUX
fbem-14880	96	7	generally	generally	ADV
fbem-14880	96	8	reluctant	reluctant	ADJ
fbem-14880	96	9	to	to	PART
fbem-14880	96	10	sue	sue	VERB
fbem-14880	96	11	their	their	PRON
fbem-14880	96	12	own	own	ADJ
fbem-14880	96	13	officers	officer	NOUN
fbem-14880	96	14	or	or	CCONJ
fbem-14880	96	15	members	member	NOUN
fbem-14880	96	16	,	,	PUNCT
fbem-14880	96	17	which	which	PRON
fbem-14880	96	18	is	be	AUX
fbem-14880	96	19	why	why	SCONJ
fbem-14880	96	20	there	there	PRON
fbem-14880	96	21	is	be	VERB
fbem-14880	96	22	an	an	DET
fbem-14880	96	23	exception	exception	NOUN
fbem-14880	96	24	for	for	ADP
fbem-14880	96	25	independent	independent	ADJ
fbem-14880	96	26	directors	director	NOUN
fbem-14880	96	27	who	who	PRON
fbem-14880	96	28	can	can	AUX
fbem-14880	96	29	sue	sue	VERB
fbem-14880	96	30	directly	directly	ADV
fbem-14880	96	31	in	in	ADP
fbem-14880	96	32	court	court	NOUN
fbem-14880	96	33	without	without	ADP
fbem-14880	96	34	having	have	VERB
fbem-14880	96	35	to	to	PART
fbem-14880	96	36	make	make	VERB
fbem-14880	96	37	a	a	DET
fbem-14880	96	38	request	request	NOUN
fbem-14880	96	39	to	to	ADP
fbem-14880	96	40	the	the	DET
fbem-14880	96	41	board	board	NOUN
fbem-14880	96	42	of	of	ADP
fbem-14880	96	43	directors	director	NOUN
fbem-14880	96	44	.	.	PUNCT
fbem-14880	97	1	hostile	hostile	ADJ
fbem-14880	97	2	takeovers	takeover	NOUN
fbem-14880	97	3	can	can	AUX
fbem-14880	97	4	involve	involve	VERB
fbem-14880	97	5	the	the	DET
fbem-14880	97	6	interests	interest	NOUN
fbem-14880	97	7	of	of	ADP
fbem-14880	97	8	the	the	DET
fbem-14880	97	9	hostile	hostile	ADJ
fbem-14880	97	10	acquirer	acquirer	NOUN
fbem-14880	97	11	and	and	CCONJ
fbem-14880	97	12	the	the	DET
fbem-14880	97	13	interests	interest	NOUN
fbem-14880	97	14	of	of	ADP
fbem-14880	97	15	the	the	DET
fbem-14880	97	16	board	board	NOUN
fbem-14880	97	17	of	of	ADP
fbem-14880	97	18	directors	director	NOUN
fbem-14880	97	19	,	,	PUNCT
fbem-14880	97	20	and	and	CCONJ
fbem-14880	97	21	they	they	PRON
fbem-14880	97	22	often	often	ADV
fbem-14880	97	23	occur	occur	VERB
fbem-14880	97	24	in	in	ADP
fbem-14880	97	25	companies	company	NOUN
fbem-14880	97	26	without	without	ADP
fbem-14880	97	27	a	a	DET
fbem-14880	97	28	controlling	control	VERB
fbem-14880	97	29	shareholder	shareholder	NOUN
fbem-14880	97	30	.	.	PUNCT
fbem-14880	98	1	“	"	PUNCT
fbem-14880	98	2	the	the	DET
fbem-14880	98	3	directors	director	NOUN
fbem-14880	98	4	[	[	X
fbem-14880	98	5	were	be	AUX
fbem-14880	98	6	required	require	VERB
fbem-14880	98	7	]	]	PUNCT
fbem-14880	98	8	to	to	PART
fbem-14880	98	9	show	show	VERB
fbem-14880	98	10	that	that	SCONJ
fbem-14880	98	11	they	they	PRON
fbem-14880	98	12	had	have	VERB
fbem-14880	98	13	reasonable	reasonable	ADJ
fbem-14880	98	14	grounds	ground	NOUN
fbem-14880	98	15	for	for	ADP
fbem-14880	98	16	believing	believe	VERB
fbem-14880	98	17	that	that	SCONJ
fbem-14880	98	18	corporate	corporate	ADJ
fbem-14880	98	19	policies	policy	NOUN
fbem-14880	98	20	and	and	CCONJ
fbem-14880	98	21	effectiveness	effectiveness	NOUN
fbem-14880	98	22	existed	exist	VERB
fbem-14880	98	23	.	.	PUNCT
fbem-14880	98	24	”	"	PUNCT
fbem-14880	99	1	due	due	ADP
fbem-14880	99	2	to	to	ADP
fbem-14880	99	3	the	the	DET
fbem-14880	99	4	significant	significant	ADJ
fbem-14880	99	5	increase	increase	NOUN
fbem-14880	99	6	in	in	ADP
fbem-14880	99	7	hostile	hostile	ADJ
fbem-14880	99	8	takeovers	takeover	NOUN
fbem-14880	99	9	,	,	PUNCT
fbem-14880	99	10	the	the	DET
fbem-14880	99	11	court	court	NOUN
fbem-14880	99	12	again	again	ADV
fbem-14880	99	13	chose	choose	VERB
fbem-14880	99	14	to	to	PART
fbem-14880	99	15	trust	trust	VERB
fbem-14880	99	16	the	the	DET
fbem-14880	99	17	independent	independent	ADJ
fbem-14880	99	18	directors	director	NOUN
fbem-14880	99	19	'	'	PART
fbem-14880	99	20	decision	decision	NOUN
fbem-14880	99	21	on	on	ADP
fbem-14880	99	22	the	the	DET
fbem-14880	99	23	matter	matter	NOUN
fbem-14880	99	24	.	.	PUNCT
fbem-14880	100	1	the	the	DET
fbem-14880	100	2	court	court	NOUN
fbem-14880	100	3	found	find	VERB
fbem-14880	100	4	that	that	SCONJ
fbem-14880	100	5	the	the	DET
fbem-14880	100	6	evidence	evidence	NOUN
fbem-14880	100	7	based	base	VERB
fbem-14880	100	8	on	on	ADP
fbem-14880	100	9	a	a	DET
fbem-14880	100	10	reasonable	reasonable	ADJ
fbem-14880	100	11	inquiry	inquiry	NOUN
fbem-14880	100	12	was	be	AUX
fbem-14880	100	13	“	"	PUNCT
fbem-14880	100	14	substantially	substantially	ADV
fbem-14880	100	15	strengthened	strengthen	VERB
fbem-14880	100	16	......	......	PUNCT
fbem-14880	101	1	approval	approval	NOUN
fbem-14880	101	2	of	of	ADP
fbem-14880	101	3	a	a	DET
fbem-14880	101	4	board	board	NOUN
fbem-14880	101	5	of	of	ADP
fbem-14880	101	6	directors	director	NOUN
fbem-14880	101	7	consisting	consist	VERB
fbem-14880	101	8	of	of	ADP
fbem-14880	101	9	a	a	DET
fbem-14880	101	10	majority	majority	NOUN
fbem-14880	101	11	of	of	ADP
fbem-14880	101	12	outside	outside	ADJ
fbem-14880	101	13	independent	independent	ADJ
fbem-14880	101	14	directors	director	NOUN
fbem-14880	101	15	......	......	PUNCT
fbem-14880	101	16	”	"	PUNCT
fbem-14880	101	17	although	although	SCONJ
fbem-14880	101	18	the	the	DET
fbem-14880	101	19	court	court	NOUN
fbem-14880	101	20	did	do	AUX
fbem-14880	101	21	not	not	PART
fbem-14880	101	22	attempt	attempt	VERB
fbem-14880	101	23	to	to	PART
fbem-14880	101	24	define	define	VERB
fbem-14880	101	25	"	"	PUNCT
fbem-14880	101	26	independence	independence	NOUN
fbem-14880	101	27	"	"	PUNCT
fbem-14880	101	28	in	in	ADP
fbem-14880	101	29	unocal	unocal	PROPN
fbem-14880	101	30	,	,	PUNCT
fbem-14880	101	31	it	it	PRON
fbem-14880	101	32	subsequently	subsequently	ADV
fbem-14880	101	33	exercised	exercise	VERB
fbem-14880	101	34	it	it	PRON
fbem-14880	101	35	in	in	ADP
fbem-14880	101	36	unitrin	unitrin	PROPN
fbem-14880	101	37	inc	inc	PROPN
fbem-14880	101	38	.	.	PROPN
fbem-14880	102	1	v.	v.	PROPN
fbem-14880	103	1	american	american	PROPN
fbem-14880	103	2	general	general	PROPN
fbem-14880	103	3	corp	corp	PROPN
fbem-14880	103	4	.	.	PROPN
fbem-14880	103	5	american	american	PROPN
fbem-14880	103	6	general	general	PROPN
fbem-14880	103	7	corp	corp	PROPN
fbem-14880	103	8	.	.	PROPN
fbem-14880	103	9	courts	court	NOUN
fbem-14880	103	10	have	have	AUX
fbem-14880	103	11	progressively	progressively	ADV
fbem-14880	103	12	defined	define	VERB
fbem-14880	103	13	the	the	DET
fbem-14880	103	14	meaning	meaning	NOUN
fbem-14880	103	15	of	of	ADP
fbem-14880	103	16	"	"	PUNCT
fbem-14880	103	17	independence	independence	NOUN
fbem-14880	103	18	"	"	PUNCT
fbem-14880	103	19	of	of	ADP
fbem-14880	103	20	directors	director	NOUN
fbem-14880	103	21	in	in	ADP
fbem-14880	103	22	situations	situation	NOUN
fbem-14880	103	23	such	such	ADJ
fbem-14880	103	24	as	as	ADP
fbem-14880	103	25	hostile	hostile	ADJ
fbem-14880	103	26	takeovers	takeover	NOUN
fbem-14880	103	27	,	,	PUNCT
fbem-14880	103	28	as	as	ADV
fbem-14880	103	29	well	well	ADV
fbem-14880	103	30	as	as	ADP
fbem-14880	103	31	encouraging	encourage	VERB
fbem-14880	103	32	companies	company	NOUN
fbem-14880	103	33	to	to	PART
fbem-14880	103	34	appoint	appoint	VERB
fbem-14880	103	35	independent	independent	ADJ
fbem-14880	103	36	independent	independent	ADJ
fbem-14880	103	37	directors	director	NOUN
fbem-14880	103	38	to	to	ADP
fbem-14880	103	39	their	their	PRON
fbem-14880	103	40	boards	board	NOUN
fbem-14880	103	41	.	.	PUNCT
fbem-14880	104	1	thus	thus	ADV
fbem-14880	104	2	,	,	PUNCT
fbem-14880	104	3	the	the	DET
fbem-14880	104	4	delaware	delaware	PROPN
fbem-14880	104	5	courts	courts	PROPN
fbem-14880	104	6	'	'	PART
fbem-14880	104	7	reliance	reliance	NOUN
fbem-14880	104	8	on	on	ADP
fbem-14880	104	9	independent	independent	ADJ
fbem-14880	104	10	directors	director	NOUN
fbem-14880	104	11	in	in	ADP
fbem-14880	104	12	the	the	DET
fbem-14880	104	13	event	event	NOUN
fbem-14880	104	14	of	of	ADP
fbem-14880	104	15	a	a	DET
fbem-14880	104	16	hostile	hostile	ADJ
fbem-14880	104	17	takeover	takeover	NOUN
fbem-14880	104	18	situation	situation	NOUN
fbem-14880	104	19	means	mean	VERB
fbem-14880	104	20	that	that	SCONJ
fbem-14880	104	21	protecting	protect	VERB
fbem-14880	104	22	the	the	DET
fbem-14880	104	23	interests	interest	NOUN
fbem-14880	104	24	of	of	ADP
fbem-14880	104	25	shareholders	shareholder	NOUN
fbem-14880	104	26	from	from	ADP
fbem-14880	104	27	the	the	DET
fbem-14880	104	28	actions	action	NOUN
fbem-14880	104	29	of	of	ADP
fbem-14880	104	30	managers	manager	NOUN
fbem-14880	104	31	is	be	AUX
fbem-14880	104	32	,	,	PUNCT
fbem-14880	104	33	in	in	ADP
fbem-14880	104	34	fact	fact	NOUN
fbem-14880	104	35	,	,	PUNCT
fbem-14880	104	36	fundamentally	fundamentally	ADV
fbem-14880	104	37	designed	design	VERB
fbem-14880	104	38	to	to	PART
fbem-14880	104	39	address	address	VERB
fbem-14880	104	40	the	the	DET
fbem-14880	104	41	managershareholder	managershareholder	NOUN
fbem-14880	104	42	proxy	proxy	NOUN
fbem-14880	104	43	problem	problem	NOUN
fbem-14880	104	44	.	.	PUNCT
fbem-14880	105	1	gradually	gradually	ADV
fbem-14880	105	2	,	,	PUNCT
fbem-14880	105	3	provisions	provision	NOUN
fbem-14880	105	4	for	for	ADP
fbem-14880	105	5	independent	independent	ADJ
fbem-14880	105	6	directors	director	NOUN
fbem-14880	105	7	emerged	emerge	VERB
fbem-14880	105	8	.	.	PUNCT
fbem-14880	106	1	the	the	DET
fbem-14880	106	2	sarbanes	sarbanes	PROPN
fbem-14880	106	3	-	-	PUNCT
fbem-14880	106	4	oxley	oxley	ADJ
fbem-14880	106	5	act	act	NOUN
fbem-14880	106	6	does	do	AUX
fbem-14880	106	7	not	not	PART
fbem-14880	106	8	actually	actually	ADV
fbem-14880	106	9	provide	provide	VERB
fbem-14880	106	10	for	for	ADP
fbem-14880	106	11	the	the	DET
fbem-14880	106	12	“	"	PUNCT
fbem-14880	106	13	independence	independence	NOUN
fbem-14880	106	14	”	"	PUNCT
fbem-14880	106	15	of	of	ADP
fbem-14880	106	16	independent	independent	ADJ
fbem-14880	106	17	directors	director	NOUN
fbem-14880	106	18	,	,	PUNCT
fbem-14880	106	19	but	but	CCONJ
fbem-14880	106	20	it	it	PRON
fbem-14880	106	21	does	do	AUX
fbem-14880	106	22	require	require	VERB
fbem-14880	106	23	that	that	SCONJ
fbem-14880	106	24	each	each	DET
fbem-14880	106	25	member	member	NOUN
fbem-14880	106	26	of	of	ADP
fbem-14880	106	27	the	the	DET
fbem-14880	106	28	audit	audit	NOUN
fbem-14880	106	29	committee	committee	NOUN
fbem-14880	106	30	of	of	ADP
fbem-14880	106	31	a	a	DET
fbem-14880	106	32	listed	list	VERB
fbem-14880	106	33	company	company	NOUN
fbem-14880	106	34	be	be	AUX
fbem-14880	106	35	an	an	DET
fbem-14880	106	36	independent	independent	ADJ
fbem-14880	106	37	director	director	NOUN
fbem-14880	106	38	.	.	PUNCT
fbem-14880	107	1	subsequent	subsequent	ADJ
fbem-14880	107	2	revised	revise	VERB
fbem-14880	107	3	rules	rule	NOUN
fbem-14880	107	4	of	of	ADP
fbem-14880	107	5	the	the	DET
fbem-14880	107	6	new	new	PROPN
fbem-14880	107	7	york	york	PROPN
fbem-14880	107	8	stock	stock	PROPN
fbem-14880	107	9	exchange	exchange	PROPN
fbem-14880	107	10	and	and	CCONJ
fbem-14880	107	11	nasdaq	nasdaq	PROPN
fbem-14880	107	12	required	require	VERB
fbem-14880	107	13	a	a	DET
fbem-14880	107	14	majority	majority	NOUN
fbem-14880	107	15	of	of	ADP
fbem-14880	107	16	independent	independent	ADJ
fbem-14880	107	17	directors	director	NOUN
fbem-14880	107	18	on	on	ADP
fbem-14880	107	19	the	the	DET
fbem-14880	107	20	boards	board	NOUN
fbem-14880	107	21	of	of	ADP
fbem-14880	107	22	all	all	DET
fbem-14880	107	23	listed	list	VERB
fbem-14880	107	24	companies	company	NOUN
fbem-14880	107	25	,	,	PUNCT
fbem-14880	107	26	and	and	CCONJ
fbem-14880	107	27	each	each	DET
fbem-14880	107	28	exchange	exchange	NOUN
fbem-14880	107	29	defined	define	VERB
fbem-14880	107	30	an	an	DET
fbem-14880	107	31	independent	independent	ADJ
fbem-14880	107	32	director	director	NOUN
fbem-14880	107	33	.	.	PUNCT
fbem-14880	108	1	4.2	4.2	NUM
fbem-14880	108	2	.	.	PUNCT
fbem-14880	109	1	the	the	DET
fbem-14880	109	2	practice	practice	NOUN
fbem-14880	109	3	of	of	ADP
fbem-14880	109	4	independent	independent	ADJ
fbem-14880	109	5	directors	director	NOUN
fbem-14880	109	6	in	in	ADP
fbem-14880	109	7	the	the	DET
fbem-14880	109	8	uk	uk	PROPN
fbem-14880	109	9	independent	independent	ADJ
fbem-14880	109	10	directors	director	NOUN
fbem-14880	109	11	have	have	VERB
fbem-14880	109	12	a	a	DET
fbem-14880	109	13	relatively	relatively	ADV
fbem-14880	109	14	short	short	ADJ
fbem-14880	109	15	history	history	NOUN
fbem-14880	109	16	in	in	ADP
fbem-14880	109	17	the	the	DET
fbem-14880	109	18	uk	uk	PROPN
fbem-14880	109	19	compared	compare	VERB
fbem-14880	109	20	to	to	ADP
fbem-14880	109	21	us	us	PROPN
fbem-14880	109	22	companies	company	NOUN
fbem-14880	109	23	,	,	PUNCT
fbem-14880	109	24	but	but	CCONJ
fbem-14880	109	25	there	there	PRON
fbem-14880	109	26	are	be	VERB
fbem-14880	109	27	many	many	ADJ
fbem-14880	109	28	similarities	similarity	NOUN
fbem-14880	109	29	between	between	ADP
fbem-14880	109	30	us	we	PRON
fbem-14880	109	31	and	and	CCONJ
fbem-14880	109	32	uk	uk	PROPN
fbem-14880	109	33	corporate	corporate	ADJ
fbem-14880	109	34	governance	governance	NOUN
fbem-14880	109	35	practices	practice	NOUN
fbem-14880	109	36	,	,	PUNCT
fbem-14880	109	37	except	except	SCONJ
fbem-14880	109	38	for	for	ADP
fbem-14880	109	39	some	some	DET
fbem-14880	109	40	non	non	ADJ
fbem-14880	109	41	-	-	ADJ
fbem-14880	109	42	principled	principled	ADJ
fbem-14880	109	43	issues	issue	NOUN
fbem-14880	109	44	that	that	PRON
fbem-14880	109	45	are	be	AUX
fbem-14880	109	46	somewhat	somewhat	ADV
fbem-14880	109	47	different	different	ADJ
fbem-14880	109	48	.	.	PUNCT
fbem-14880	110	1	the	the	DET
fbem-14880	110	2	origins	origin	NOUN
fbem-14880	110	3	of	of	ADP
fbem-14880	110	4	independent	independent	ADJ
fbem-14880	110	5	directors	director	NOUN
fbem-14880	110	6	in	in	ADP
fbem-14880	110	7	the	the	DET
fbem-14880	110	8	uk	uk	PROPN
fbem-14880	110	9	can	can	AUX
fbem-14880	110	10	be	be	AUX
fbem-14880	110	11	attributed	attribute	VERB
fbem-14880	110	12	to	to	ADP
fbem-14880	110	13	the	the	DET
fbem-14880	110	14	cadbury	cadbury	NOUN
fbem-14880	110	15	report	report	NOUN
fbem-14880	110	16	in	in	ADP
fbem-14880	110	17	1992	1992	NUM
fbem-14880	110	18	.	.	PUNCT
fbem-14880	111	1	nonexecutive	nonexecutive	ADJ
fbem-14880	111	2	and	and	CCONJ
fbem-14880	111	3	independent	independent	ADJ
fbem-14880	111	4	directors	director	NOUN
fbem-14880	111	5	are	be	AUX
fbem-14880	111	6	terms	term	NOUN
fbem-14880	111	7	that	that	PRON
fbem-14880	111	8	are	be	AUX
fbem-14880	111	9	introduced	introduce	VERB
fbem-14880	111	10	in	in	ADP
fbem-14880	111	11	the	the	DET
fbem-14880	111	12	report	report	NOUN
fbem-14880	111	13	[	[	X
fbem-14880	111	14	14	14	NUM
fbem-14880	111	15	]	]	PUNCT
fbem-14880	111	16	.	.	PUNCT
fbem-14880	112	1	non	non	ADJ
fbem-14880	112	2	-	-	ADJ
fbem-14880	112	3	executive	executive	ADJ
fbem-14880	112	4	directors	director	NOUN
fbem-14880	112	5	are	be	AUX
fbem-14880	112	6	tasked	task	VERB
fbem-14880	112	7	with	with	ADP
fbem-14880	112	8	“	"	PUNCT
fbem-14880	112	9	exercising	exercise	VERB
fbem-14880	112	10	independent	independent	ADJ
fbem-14880	112	11	judgement	judgement	NOUN
fbem-14880	112	12	on	on	ADP
fbem-14880	112	13	issues	issue	NOUN
fbem-14880	112	14	of	of	ADP
fbem-14880	112	15	strategy	strategy	NOUN
fbem-14880	112	16	,	,	PUNCT
fbem-14880	112	17	performance	performance	NOUN
fbem-14880	112	18	,	,	PUNCT
fbem-14880	112	19	resources	resource	NOUN
fbem-14880	112	20	,	,	PUNCT
fbem-14880	112	21	including	include	VERB
fbem-14880	112	22	key	key	ADJ
fbem-14880	112	23	appointments	appointment	NOUN
fbem-14880	112	24	and	and	CCONJ
fbem-14880	112	25	standards	standard	NOUN
fbem-14880	112	26	of	of	ADP
fbem-14880	112	27	conduct	conduct	NOUN
fbem-14880	112	28	.	.	PUNCT
fbem-14880	112	29	”	"	PUNCT
fbem-14880	113	1	the	the	DET
fbem-14880	113	2	cadbury	cadbury	PROPN
fbem-14880	113	3	report	report	NOUN
fbem-14880	113	4	,	,	PUNCT
fbem-14880	113	5	in	in	ADP
fbem-14880	113	6	particular	particular	ADJ
fbem-14880	113	7	,	,	PUNCT
fbem-14880	113	8	assigns	assign	VERB
fbem-14880	113	9	the	the	DET
fbem-14880	113	10	non	non	ADJ
fbem-14880	113	11	-	-	ADJ
fbem-14880	113	12	executive	executive	ADJ
fbem-14880	113	13	directors	director	NOUN
fbem-14880	113	14	two	two	NUM
fbem-14880	113	15	key	key	ADJ
fbem-14880	113	16	responsibilities	responsibility	NOUN
fbem-14880	113	17	:	:	PUNCT
fbem-14880	113	18	(	(	PUNCT
fbem-14880	113	19	i	i	NOUN
fbem-14880	113	20	)	)	PUNCT
fbem-14880	113	21	assessing	assess	VERB
fbem-14880	113	22	the	the	DET
fbem-14880	113	23	performance	performance	NOUN
fbem-14880	113	24	of	of	ADP
fbem-14880	113	25	the	the	DET
fbem-14880	113	26	board	board	NOUN
fbem-14880	113	27	and	and	CCONJ
fbem-14880	113	28	senior	senior	ADJ
fbem-14880	113	29	202	202	NUM
fbem-14880	113	30	management	management	NOUN
fbem-14880	113	31	;	;	PUNCT
fbem-14880	113	32	and	and	CCONJ
fbem-14880	113	33	(	(	PUNCT
fbem-14880	113	34	ii	ii	NOUN
fbem-14880	113	35	)	)	PUNCT
fbem-14880	113	36	taking	take	VERB
fbem-14880	113	37	the	the	DET
fbem-14880	113	38	lead	lead	NOUN
fbem-14880	113	39	in	in	ADP
fbem-14880	113	40	making	make	VERB
fbem-14880	113	41	decisions	decision	NOUN
fbem-14880	113	42	where	where	SCONJ
fbem-14880	113	43	conflicts	conflict	NOUN
fbem-14880	113	44	of	of	ADP
fbem-14880	113	45	interest	interest	NOUN
fbem-14880	113	46	occur	occur	VERB
fbem-14880	113	47	.	.	PUNCT
fbem-14880	114	1	in	in	ADP
fbem-14880	114	2	this	this	DET
fbem-14880	114	3	light	light	NOUN
fbem-14880	114	4	,	,	PUNCT
fbem-14880	114	5	the	the	DET
fbem-14880	114	6	role	role	NOUN
fbem-14880	114	7	of	of	ADP
fbem-14880	114	8	independent	independent	ADJ
fbem-14880	114	9	directors	director	NOUN
fbem-14880	114	10	is	be	AUX
fbem-14880	114	11	well	well	ADV
fbem-14880	114	12	suited	suited	ADJ
fbem-14880	114	13	to	to	ADP
fbem-14880	114	14	the	the	DET
fbem-14880	114	15	anglo	anglo	ADJ
fbem-14880	114	16	-	-	PUNCT
fbem-14880	114	17	american	american	ADJ
fbem-14880	114	18	context	context	NOUN
fbem-14880	114	19	of	of	ADP
fbem-14880	114	20	overseeing	oversee	VERB
fbem-14880	114	21	managers	manager	NOUN
fbem-14880	114	22	for	for	ADP
fbem-14880	114	23	the	the	DET
fbem-14880	114	24	benefit	benefit	NOUN
fbem-14880	114	25	of	of	ADP
fbem-14880	114	26	shareholders	shareholder	NOUN
fbem-14880	114	27	,	,	PUNCT
fbem-14880	114	28	and	and	CCONJ
fbem-14880	114	29	fundamentally	fundamentally	ADV
fbem-14880	114	30	,	,	PUNCT
fbem-14880	114	31	non	non	ADJ
fbem-14880	114	32	-	-	ADJ
fbem-14880	114	33	executive	executive	ADJ
fbem-14880	114	34	directors	director	NOUN
fbem-14880	114	35	may	may	AUX
fbem-14880	114	36	contribute	contribute	VERB
fbem-14880	114	37	to	to	ADP
fbem-14880	114	38	solving	solve	VERB
fbem-14880	114	39	manager	manager	NOUN
fbem-14880	114	40	-	-	PUNCT
fbem-14880	114	41	shareholder	shareholder	NOUN
fbem-14880	114	42	agency	agency	NOUN
fbem-14880	114	43	problems	problem	NOUN
fbem-14880	114	44	,	,	PUNCT
fbem-14880	114	45	whereas	whereas	SCONJ
fbem-14880	114	46	as	as	ADP
fbem-14880	114	47	for	for	ADP
fbem-14880	114	48	independent	independent	ADJ
fbem-14880	114	49	directors	director	NOUN
fbem-14880	114	50	,	,	PUNCT
fbem-14880	114	51	“	"	PUNCT
fbem-14880	114	52	apart	apart	ADV
fbem-14880	114	53	from	from	ADP
fbem-14880	114	54	their	their	PRON
fbem-14880	114	55	director	director	NOUN
fbem-14880	114	56	's	's	PART
fbem-14880	114	57	fees	fee	NOUN
fbem-14880	114	58	and	and	CCONJ
fbem-14880	114	59	shareholdings	shareholding	NOUN
fbem-14880	114	60	,	,	PUNCT
fbem-14880	114	61	they	they	PRON
fbem-14880	114	62	should	should	AUX
fbem-14880	114	63	be	be	AUX
fbem-14880	114	64	independent	independent	ADJ
fbem-14880	114	65	of	of	ADP
fbem-14880	114	66	any	any	DET
fbem-14880	114	67	business	business	NOUN
fbem-14880	114	68	or	or	CCONJ
fbem-14880	114	69	other	other	ADJ
fbem-14880	114	70	relationship	relationship	NOUN
fbem-14880	114	71	that	that	PRON
fbem-14880	114	72	might	might	AUX
fbem-14880	114	73	materially	materially	ADV
fbem-14880	114	74	interfere	interfere	VERB
fbem-14880	114	75	with	with	ADP
fbem-14880	114	76	independent	independent	ADJ
fbem-14880	114	77	judgment	judgment	NOUN
fbem-14880	114	78	,	,	PUNCT
fbem-14880	114	79	and	and	CCONJ
fbem-14880	114	80	not	not	PART
fbem-14880	114	81	the	the	DET
fbem-14880	114	82	existence	existence	NOUN
fbem-14880	114	83	of	of	ADP
fbem-14880	114	84	any	any	DET
fbem-14880	114	85	business	business	NOUN
fbem-14880	114	86	or	or	CCONJ
fbem-14880	114	87	other	other	ADJ
fbem-14880	114	88	relationship	relationship	NOUN
fbem-14880	114	89	.	.	PUNCT
fbem-14880	114	90	”	"	PUNCT
fbem-14880	115	1	the	the	DET
fbem-14880	115	2	board	board	NOUN
fbem-14880	115	3	of	of	ADP
fbem-14880	115	4	directors	director	NOUN
fbem-14880	115	5	of	of	ADP
fbem-14880	115	6	a	a	DET
fbem-14880	115	7	company	company	NOUN
fbem-14880	115	8	is	be	AUX
fbem-14880	115	9	given	give	VERB
fbem-14880	115	10	sufficient	sufficient	ADJ
fbem-14880	115	11	power	power	NOUN
fbem-14880	115	12	to	to	PART
fbem-14880	115	13	decide	decide	VERB
fbem-14880	115	14	whether	whether	SCONJ
fbem-14880	115	15	each	each	DET
fbem-14880	115	16	director	director	NOUN
fbem-14880	115	17	meets	meet	VERB
fbem-14880	115	18	the	the	DET
fbem-14880	115	19	definition	definition	NOUN
fbem-14880	115	20	according	accord	VERB
fbem-14880	115	21	to	to	ADP
fbem-14880	115	22	the	the	DET
fbem-14880	115	23	actual	actual	ADJ
fbem-14880	115	24	circumstances	circumstance	NOUN
fbem-14880	115	25	,	,	PUNCT
fbem-14880	115	26	and	and	CCONJ
fbem-14880	115	27	it	it	PRON
fbem-14880	115	28	is	be	AUX
fbem-14880	115	29	clear	clear	ADJ
fbem-14880	115	30	that	that	SCONJ
fbem-14880	115	31	independence	independence	NOUN
fbem-14880	115	32	has	have	VERB
fbem-14880	115	33	nothing	nothing	PRON
fbem-14880	115	34	to	to	PART
fbem-14880	115	35	do	do	VERB
fbem-14880	115	36	with	with	ADP
fbem-14880	115	37	who	who	PRON
fbem-14880	115	38	holds	hold	VERB
fbem-14880	115	39	the	the	DET
fbem-14880	115	40	company	company	NOUN
fbem-14880	115	41	,	,	PUNCT
fbem-14880	115	42	but	but	CCONJ
fbem-14880	115	43	rather	rather	ADV
fbem-14880	115	44	with	with	ADP
fbem-14880	115	45	manager	manager	NOUN
fbem-14880	115	46	-	-	PUNCT
fbem-14880	115	47	shareholder	shareholder	NOUN
fbem-14880	115	48	agency	agency	NOUN
fbem-14880	115	49	issues	issue	NOUN
fbem-14880	115	50	[	[	X
fbem-14880	115	51	15	15	NUM
fbem-14880	115	52	]	]	PUNCT
fbem-14880	115	53	.	.	PUNCT
fbem-14880	116	1	in	in	ADP
fbem-14880	116	2	terms	term	NOUN
fbem-14880	116	3	of	of	ADP
fbem-14880	116	4	the	the	DET
fbem-14880	116	5	make	make	NOUN
fbem-14880	116	6	-	-	PUNCT
fbem-14880	116	7	up	up	NOUN
fbem-14880	116	8	of	of	ADP
fbem-14880	116	9	the	the	DET
fbem-14880	116	10	board	board	NOUN
fbem-14880	116	11	of	of	ADP
fbem-14880	116	12	directors	director	NOUN
fbem-14880	116	13	,	,	PUNCT
fbem-14880	116	14	each	each	DET
fbem-14880	116	15	firm	firm	NOUN
fbem-14880	116	16	is	be	AUX
fbem-14880	116	17	required	require	VERB
fbem-14880	116	18	to	to	PART
fbem-14880	116	19	have	have	VERB
fbem-14880	116	20	a	a	DET
fbem-14880	116	21	minimum	minimum	NOUN
fbem-14880	116	22	of	of	ADP
fbem-14880	116	23	three	three	NUM
fbem-14880	116	24	non	non	ADJ
fbem-14880	116	25	-	-	ADJ
fbem-14880	116	26	executive	executive	ADJ
fbem-14880	116	27	directors	director	NOUN
fbem-14880	116	28	,	,	PUNCT
fbem-14880	116	29	of	of	ADP
fbem-14880	116	30	which	which	PRON
fbem-14880	116	31	at	at	ADP
fbem-14880	116	32	least	least	ADV
fbem-14880	116	33	two	two	NUM
fbem-14880	116	34	must	must	AUX
fbem-14880	116	35	be	be	AUX
fbem-14880	116	36	independent	independent	ADJ
fbem-14880	116	37	.	.	PUNCT
fbem-14880	117	1	in	in	ADP
fbem-14880	117	2	addition	addition	NOUN
fbem-14880	117	3	,	,	PUNCT
fbem-14880	117	4	the	the	DET
fbem-14880	117	5	board	board	NOUN
fbem-14880	117	6	of	of	ADP
fbem-14880	117	7	directors	director	NOUN
fbem-14880	117	8	is	be	AUX
fbem-14880	117	9	responsible	responsible	ADJ
fbem-14880	117	10	for	for	ADP
fbem-14880	117	11	establishing	establish	VERB
fbem-14880	117	12	,	,	PUNCT
fbem-14880	117	13	among	among	ADP
fbem-14880	117	14	other	other	ADJ
fbem-14880	117	15	things	thing	NOUN
fbem-14880	117	16	,	,	PUNCT
fbem-14880	117	17	nominating	nominating	NOUN
fbem-14880	117	18	members	member	NOUN
fbem-14880	117	19	and	and	CCONJ
fbem-14880	117	20	audit	audit	NOUN
fbem-14880	117	21	committees	committee	NOUN
fbem-14880	117	22	in	in	ADP
fbem-14880	117	23	order	order	NOUN
fbem-14880	117	24	to	to	PART
fbem-14880	117	25	guarantee	guarantee	VERB
fbem-14880	117	26	the	the	DET
fbem-14880	117	27	credibility	credibility	NOUN
fbem-14880	117	28	of	of	ADP
fbem-14880	117	29	the	the	DET
fbem-14880	117	30	financial	financial	ADJ
fbem-14880	117	31	reports	report	NOUN
fbem-14880	117	32	.	.	PUNCT
fbem-14880	118	1	in	in	ADP
fbem-14880	118	2	conclusion	conclusion	NOUN
fbem-14880	118	3	,	,	PUNCT
fbem-14880	118	4	the	the	DET
fbem-14880	118	5	cadbury	cadbury	NOUN
fbem-14880	118	6	report	report	NOUN
fbem-14880	118	7	was	be	AUX
fbem-14880	118	8	crucial	crucial	ADJ
fbem-14880	118	9	in	in	ADP
fbem-14880	118	10	laying	lay	VERB
fbem-14880	118	11	the	the	DET
fbem-14880	118	12	groundwork	groundwork	NOUN
fbem-14880	118	13	for	for	ADP
fbem-14880	118	14	the	the	DET
fbem-14880	118	15	creation	creation	NOUN
fbem-14880	118	16	of	of	ADP
fbem-14880	118	17	corporate	corporate	ADJ
fbem-14880	118	18	governance	governance	NOUN
fbem-14880	118	19	standards	standard	NOUN
fbem-14880	118	20	in	in	ADP
fbem-14880	118	21	the	the	DET
fbem-14880	118	22	uk	uk	PROPN
fbem-14880	118	23	.	.	PUNCT
fbem-14880	119	1	after	after	ADP
fbem-14880	119	2	that	that	PRON
fbem-14880	119	3	,	,	PUNCT
fbem-14880	119	4	the	the	DET
fbem-14880	119	5	growth	growth	NOUN
fbem-14880	119	6	of	of	ADP
fbem-14880	119	7	corporate	corporate	ADJ
fbem-14880	119	8	governance	governance	NOUN
fbem-14880	119	9	was	be	AUX
fbem-14880	119	10	driven	drive	VERB
fbem-14880	119	11	by	by	ADP
fbem-14880	119	12	two	two	NUM
fbem-14880	119	13	committees	committee	NOUN
fbem-14880	119	14	,	,	PUNCT
fbem-14880	119	15	both	both	PRON
fbem-14880	119	16	of	of	ADP
fbem-14880	119	17	which	which	PRON
fbem-14880	119	18	submitted	submit	VERB
fbem-14880	119	19	reports	report	NOUN
fbem-14880	119	20	in	in	ADP
fbem-14880	119	21	the	the	DET
fbem-14880	119	22	area	area	NOUN
fbem-14880	119	23	of	of	ADP
fbem-14880	119	24	corporate	corporate	ADJ
fbem-14880	119	25	governance	governance	NOUN
fbem-14880	119	26	:	:	PUNCT
fbem-14880	119	27	the	the	DET
fbem-14880	119	28	committee	committee	NOUN
fbem-14880	119	29	on	on	ADP
fbem-14880	119	30	audit	audit	NOUN
fbem-14880	119	31	and	and	CCONJ
fbem-14880	119	32	the	the	DET
fbem-14880	119	33	committee	committee	NOUN
fbem-14880	119	34	on	on	ADP
fbem-14880	119	35	corporate	corporate	ADJ
fbem-14880	119	36	governance	governance	NOUN
fbem-14880	119	37	.	.	PUNCT
fbem-14880	120	1	the	the	DET
fbem-14880	120	2	greenbury	greenbury	PROPN
fbem-14880	120	3	committee	committee	PROPN
fbem-14880	120	4	suggested	suggest	VERB
fbem-14880	120	5	putting	put	VERB
fbem-14880	120	6	together	together	ADP
fbem-14880	120	7	a	a	DET
fbem-14880	120	8	board	board	NOUN
fbem-14880	120	9	remuneration	remuneration	NOUN
fbem-14880	120	10	committee	committee	NOUN
fbem-14880	120	11	so	so	SCONJ
fbem-14880	120	12	that	that	SCONJ
fbem-14880	120	13	firm	firm	ADJ
fbem-14880	120	14	executives	executive	NOUN
fbem-14880	120	15	might	might	AUX
fbem-14880	120	16	have	have	VERB
fbem-14880	120	17	their	their	PRON
fbem-14880	120	18	pay	pay	NOUN
fbem-14880	120	19	more	more	ADV
fbem-14880	120	20	directly	directly	ADV
fbem-14880	120	21	tied	tie	VERB
fbem-14880	120	22	to	to	ADP
fbem-14880	120	23	their	their	PRON
fbem-14880	120	24	performance	performance	NOUN
fbem-14880	120	25	.	.	PUNCT
fbem-14880	121	1	the	the	DET
fbem-14880	121	2	hampel	hampel	PROPN
fbem-14880	121	3	committee	committee	PROPN
fbem-14880	121	4	has	have	AUX
fbem-14880	121	5	reaffirmed	reaffirm	VERB
fbem-14880	121	6	the	the	DET
fbem-14880	121	7	role	role	NOUN
fbem-14880	121	8	of	of	ADP
fbem-14880	121	9	the	the	DET
fbem-14880	121	10	non	non	ADJ
fbem-14880	121	11	-	-	ADJ
fbem-14880	121	12	executive	executive	ADJ
fbem-14880	121	13	directors	director	NOUN
fbem-14880	121	14	.	.	PUNCT
fbem-14880	122	1	the	the	DET
fbem-14880	122	2	compilation	compilation	NOUN
fbem-14880	122	3	of	of	ADP
fbem-14880	122	4	all	all	PRON
fbem-14880	122	5	of	of	ADP
fbem-14880	122	6	these	these	DET
fbem-14880	122	7	committee	committee	NOUN
fbem-14880	122	8	reports	report	NOUN
fbem-14880	122	9	resulted	result	VERB
fbem-14880	122	10	in	in	ADP
fbem-14880	122	11	the	the	DET
fbem-14880	122	12	publication	publication	NOUN
fbem-14880	122	13	of	of	ADP
fbem-14880	122	14	the	the	DET
fbem-14880	122	15	joint	joint	ADJ
fbem-14880	122	16	code	code	NOUN
fbem-14880	122	17	of	of	ADP
fbem-14880	122	18	corporate	corporate	ADJ
fbem-14880	122	19	governance	governance	NOUN
fbem-14880	122	20	in	in	ADP
fbem-14880	122	21	1999	1999	NUM
fbem-14880	122	22	,	,	PUNCT
fbem-14880	122	23	the	the	DET
fbem-14880	122	24	code	code	NOUN
fbem-14880	122	25	sets	set	VERB
fbem-14880	122	26	out	out	ADP
fbem-14880	122	27	certain	certain	ADJ
fbem-14880	122	28	rules	rule	NOUN
fbem-14880	122	29	for	for	ADP
fbem-14880	122	30	the	the	DET
fbem-14880	122	31	listing	listing	NOUN
fbem-14880	122	32	of	of	ADP
fbem-14880	122	33	uk	uk	PROPN
fbem-14880	122	34	companies	company	NOUN
fbem-14880	122	35	.	.	PUNCT
fbem-14880	123	1	the	the	DET
fbem-14880	123	2	uk	uk	PROPN
fbem-14880	123	3	has	have	AUX
fbem-14880	123	4	since	since	SCONJ
fbem-14880	123	5	undertaken	undertake	VERB
fbem-14880	123	6	a	a	DET
fbem-14880	123	7	series	series	NOUN
fbem-14880	123	8	of	of	ADP
fbem-14880	123	9	reforms	reform	NOUN
fbem-14880	123	10	in	in	ADP
fbem-14880	123	11	relation	relation	NOUN
fbem-14880	123	12	to	to	ADP
fbem-14880	123	13	independent	independent	ADJ
fbem-14880	123	14	directors	director	NOUN
fbem-14880	123	15	,	,	PUNCT
fbem-14880	123	16	which	which	PRON
fbem-14880	123	17	have	have	AUX
fbem-14880	123	18	become	become	VERB
fbem-14880	123	19	an	an	DET
fbem-14880	123	20	integral	integral	ADJ
fbem-14880	123	21	part	part	NOUN
fbem-14880	123	22	of	of	ADP
fbem-14880	123	23	corporate	corporate	ADJ
fbem-14880	123	24	governance	governance	NOUN
fbem-14880	123	25	in	in	ADP
fbem-14880	123	26	the	the	DET
fbem-14880	123	27	uk	uk	PROPN
fbem-14880	123	28	.	.	PROPN
fbem-14880	123	29	for	for	ADP
fbem-14880	123	30	the	the	DET
fbem-14880	123	31	uk	uk	PROPN
fbem-14880	123	32	,	,	PUNCT
fbem-14880	123	33	the	the	DET
fbem-14880	123	34	problem	problem	NOUN
fbem-14880	123	35	is	be	AUX
fbem-14880	123	36	similar	similar	ADJ
fbem-14880	123	37	to	to	ADP
fbem-14880	123	38	that	that	PRON
fbem-14880	123	39	of	of	ADP
fbem-14880	123	40	the	the	DET
fbem-14880	123	41	us	us	PROPN
fbem-14880	123	42	,	,	PUNCT
fbem-14880	123	43	namely	namely	ADV
fbem-14880	123	44	the	the	DET
fbem-14880	123	45	"	"	PUNCT
fbem-14880	123	46	manager	manager	NOUN
fbem-14880	123	47	-	-	PUNCT
fbem-14880	123	48	shareholder	shareholder	NOUN
fbem-14880	123	49	problem	problem	NOUN
fbem-14880	123	50	"	"	PUNCT
fbem-14880	123	51	caused	cause	VERB
fbem-14880	123	52	by	by	ADP
fbem-14880	123	53	the	the	DET
fbem-14880	123	54	separation	separation	NOUN
fbem-14880	123	55	of	of	ADP
fbem-14880	123	56	ownership	ownership	NOUN
fbem-14880	123	57	and	and	CCONJ
fbem-14880	123	58	control.one	control.one	NOUN
fbem-14880	123	59	professor	professor	NOUN
fbem-14880	123	60	pointed	point	VERB
fbem-14880	123	61	out	out	ADP
fbem-14880	123	62	that	that	SCONJ
fbem-14880	123	63	since	since	SCONJ
fbem-14880	123	64	most	most	ADJ
fbem-14880	123	65	companies	company	NOUN
fbem-14880	123	66	do	do	AUX
fbem-14880	123	67	not	not	PART
fbem-14880	123	68	have	have	VERB
fbem-14880	123	69	a	a	DET
fbem-14880	123	70	controlling	control	VERB
fbem-14880	123	71	shareholder	shareholder	NOUN
fbem-14880	123	72	,	,	PUNCT
fbem-14880	123	73	independent	independent	ADJ
fbem-14880	123	74	directors	director	NOUN
fbem-14880	123	75	are	be	AUX
fbem-14880	123	76	meant	mean	VERB
fbem-14880	123	77	to	to	PART
fbem-14880	123	78	solve	solve	VERB
fbem-14880	123	79	the	the	DET
fbem-14880	123	80	"	"	PUNCT
fbem-14880	123	81	manager	manager	NOUN
fbem-14880	123	82	-	-	PUNCT
fbem-14880	123	83	shareholder	shareholder	NOUN
fbem-14880	123	84	problem	problem	NOUN
fbem-14880	123	85	"	"	PUNCT
fbem-14880	123	86	.	.	PUNCT
fbem-14880	124	1	due	due	ADP
fbem-14880	124	2	to	to	ADP
fbem-14880	124	3	the	the	DET
fbem-14880	124	4	fact	fact	NOUN
fbem-14880	124	5	that	that	SCONJ
fbem-14880	124	6	the	the	DET
fbem-14880	124	7	majority	majority	NOUN
fbem-14880	124	8	-	-	PUNCT
fbem-14880	124	9	minority	minority	NOUN
fbem-14880	124	10	agency	agency	NOUN
fbem-14880	124	11	dilemma	dilemma	NOUN
fbem-14880	124	12	does	do	AUX
fbem-14880	124	13	not	not	PART
fbem-14880	124	14	exist	exist	VERB
fbem-14880	124	15	in	in	ADP
fbem-14880	124	16	the	the	DET
fbem-14880	124	17	united	united	ADJ
fbem-14880	124	18	kingdom	kingdom	PROPN
fbem-14880	124	19	,	,	PUNCT
fbem-14880	124	20	we	we	PRON
fbem-14880	124	21	do	do	AUX
fbem-14880	124	22	not	not	PART
fbem-14880	124	23	observe	observe	VERB
fbem-14880	124	24	any	any	DET
fbem-14880	124	25	preference	preference	NOUN
fbem-14880	124	26	from	from	ADP
fbem-14880	124	27	policymakers	policymaker	NOUN
fbem-14880	124	28	or	or	CCONJ
fbem-14880	124	29	the	the	DET
fbem-14880	124	30	judiciary	judiciary	NOUN
fbem-14880	124	31	for	for	ADP
fbem-14880	124	32	making	make	VERB
fbem-14880	124	33	use	use	NOUN
fbem-14880	124	34	of	of	ADP
fbem-14880	124	35	the	the	DET
fbem-14880	124	36	independent	independent	ADJ
fbem-14880	124	37	director	director	NOUN
fbem-14880	124	38	institution	institution	NOUN
fbem-14880	124	39	in	in	ADP
fbem-14880	124	40	regard	regard	NOUN
fbem-14880	124	41	to	to	ADP
fbem-14880	124	42	the	the	DET
fbem-14880	124	43	problem	problem	NOUN
fbem-14880	124	44	at	at	ADV
fbem-14880	124	45	all	all	ADV
fbem-14880	124	46	[	[	X
fbem-14880	124	47	16	16	NUM
fbem-14880	124	48	]	]	PUNCT
fbem-14880	124	49	.	.	PUNCT
fbem-14880	125	1	4.3	4.3	NUM
fbem-14880	125	2	.	.	PUNCT
fbem-14880	125	3	practice	practice	NOUN
fbem-14880	125	4	of	of	ADP
fbem-14880	125	5	independent	independent	ADJ
fbem-14880	125	6	directors	director	NOUN
fbem-14880	125	7	in	in	ADP
fbem-14880	125	8	india	india	PROPN
fbem-14880	125	9	as	as	SCONJ
fbem-14880	125	10	emerging	emerge	VERB
fbem-14880	125	11	economies	economy	NOUN
fbem-14880	125	12	open	open	VERB
fbem-14880	125	13	up	up	ADP
fbem-14880	125	14	to	to	ADP
fbem-14880	125	15	foreign	foreign	ADJ
fbem-14880	125	16	investment	investment	NOUN
fbem-14880	125	17	,	,	PUNCT
fbem-14880	125	18	some	some	DET
fbem-14880	125	19	concepts	concept	NOUN
fbem-14880	125	20	of	of	ADP
fbem-14880	125	21	corporate	corporate	ADJ
fbem-14880	125	22	governance	governance	NOUN
fbem-14880	125	23	are	be	AUX
fbem-14880	125	24	beginning	begin	VERB
fbem-14880	125	25	to	to	PART
fbem-14880	125	26	take	take	VERB
fbem-14880	125	27	root	root	NOUN
fbem-14880	125	28	and	and	CCONJ
fbem-14880	125	29	independent	independent	ADJ
fbem-14880	125	30	directors	director	NOUN
fbem-14880	125	31	are	be	AUX
fbem-14880	125	32	being	be	AUX
fbem-14880	125	33	introduced.in	introduced.in	VERB
fbem-14880	125	34	2000	2000	NUM
fbem-14880	125	35	,	,	PUNCT
fbem-14880	125	36	the	the	DET
fbem-14880	125	37	securities	securities	PROPN
fbem-14880	125	38	and	and	CCONJ
fbem-14880	125	39	exchange	exchange	PROPN
fbem-14880	125	40	board	board	PROPN
fbem-14880	125	41	of	of	ADP
fbem-14880	125	42	india	india	PROPN
fbem-14880	125	43	inserted	insert	VERB
fbem-14880	125	44	clause	clause	NOUN
fbem-14880	125	45	49	49	NUM
fbem-14880	125	46	into	into	ADP
fbem-14880	125	47	the	the	DET
fbem-14880	125	48	equity	equity	NOUN
fbem-14880	125	49	listing	listing	NOUN
fbem-14880	125	50	agreement	agreement	NOUN
fbem-14880	125	51	,	,	PUNCT
fbem-14880	125	52	which	which	PRON
fbem-14880	125	53	sets	set	VERB
fbem-14880	125	54	out	out	ADP
fbem-14880	125	55	the	the	DET
fbem-14880	125	56	corporate	corporate	ADJ
fbem-14880	125	57	governance	governance	NOUN
fbem-14880	125	58	code	code	NOUN
fbem-14880	125	59	applicable	applicable	ADJ
fbem-14880	125	60	to	to	ADP
fbem-14880	125	61	all	all	DET
fbem-14880	125	62	listed	list	VERB
fbem-14880	125	63	companies	company	NOUN
fbem-14880	125	64	of	of	ADP
fbem-14880	125	65	a	a	DET
fbem-14880	125	66	certain	certain	ADJ
fbem-14880	125	67	size	size	NOUN
fbem-14880	125	68	.	.	PUNCT
fbem-14880	126	1	against	against	ADP
fbem-14880	126	2	the	the	DET
fbem-14880	126	3	background	background	NOUN
fbem-14880	126	4	of	of	ADP
fbem-14880	126	5	india	india	PROPN
fbem-14880	126	6	's	's	PART
fbem-14880	126	7	majorityminority	majorityminority	NOUN
fbem-14880	126	8	agency	agency	NOUN
fbem-14880	126	9	problem	problem	NOUN
fbem-14880	126	10	,	,	PUNCT
fbem-14880	126	11	the	the	DET
fbem-14880	126	12	function	function	NOUN
fbem-14880	126	13	of	of	ADP
fbem-14880	126	14	independent	independent	ADJ
fbem-14880	126	15	directors	director	NOUN
fbem-14880	126	16	is	be	AUX
fbem-14880	126	17	most	most	ADV
fbem-14880	126	18	likely	likely	ADJ
fbem-14880	126	19	to	to	PART
fbem-14880	126	20	consist	consist	VERB
fbem-14880	126	21	of	of	ADP
fbem-14880	126	22	reviewing	review	VERB
fbem-14880	126	23	and	and	CCONJ
fbem-14880	126	24	approving	approve	VERB
fbem-14880	126	25	related	related	ADJ
fbem-14880	126	26	transactions	transaction	NOUN
fbem-14880	126	27	that	that	PRON
fbem-14880	126	28	include	include	VERB
fbem-14880	126	29	the	the	DET
fbem-14880	126	30	controlling	control	VERB
fbem-14880	126	31	shareholder	shareholder	NOUN
fbem-14880	126	32	's	's	PART
fbem-14880	126	33	self	self	NOUN
fbem-14880	126	34	-	-	PUNCT
fbem-14880	126	35	transaction	transaction	NOUN
fbem-14880	126	36	.	.	PUNCT
fbem-14880	127	1	this	this	PRON
fbem-14880	127	2	is	be	AUX
fbem-14880	127	3	due	due	ADJ
fbem-14880	127	4	to	to	ADP
fbem-14880	127	5	the	the	DET
fbem-14880	127	6	fact	fact	NOUN
fbem-14880	127	7	that	that	SCONJ
fbem-14880	127	8	article	article	NOUN
fbem-14880	127	9	49	49	NUM
fbem-14880	127	10	does	do	AUX
fbem-14880	127	11	not	not	PART
fbem-14880	127	12	give	give	VERB
fbem-14880	127	13	a	a	DET
fbem-14880	127	14	separate	separate	ADJ
fbem-14880	127	15	mandate	mandate	NOUN
fbem-14880	127	16	or	or	CCONJ
fbem-14880	127	17	function	function	NOUN
fbem-14880	127	18	for	for	ADP
fbem-14880	127	19	the	the	DET
fbem-14880	127	20	independent	independent	ADJ
fbem-14880	127	21	directors	director	NOUN
fbem-14880	127	22	,	,	PUNCT
fbem-14880	127	23	nor	nor	CCONJ
fbem-14880	127	24	does	do	AUX
fbem-14880	127	25	it	it	PRON
fbem-14880	127	26	identify	identify	VERB
fbem-14880	127	27	to	to	ADP
fbem-14880	127	28	whom	whom	PRON
fbem-14880	127	29	the	the	DET
fbem-14880	127	30	independent	independent	ADJ
fbem-14880	127	31	directors	director	NOUN
fbem-14880	127	32	owe	owe	VERB
fbem-14880	127	33	their	their	PRON
fbem-14880	127	34	allegiance	allegiance	NOUN
fbem-14880	127	35	.	.	PUNCT
fbem-14880	128	1	as	as	ADP
fbem-14880	128	2	a	a	DET
fbem-14880	128	3	result	result	NOUN
fbem-14880	128	4	,	,	PUNCT
fbem-14880	128	5	this	this	DET
fbem-14880	128	6	situation	situation	NOUN
fbem-14880	128	7	has	have	AUX
fbem-14880	128	8	arisen	arise	VERB
fbem-14880	128	9	.	.	PUNCT
fbem-14880	129	1	however	however	ADV
fbem-14880	129	2	,	,	PUNCT
fbem-14880	129	3	in	in	ADP
fbem-14880	129	4	india	india	PROPN
fbem-14880	129	5	,	,	PUNCT
fbem-14880	129	6	there	there	PRON
fbem-14880	129	7	is	be	VERB
fbem-14880	129	8	a	a	DET
fbem-14880	129	9	requirement	requirement	NOUN
fbem-14880	129	10	for	for	ADP
fbem-14880	129	11	an	an	DET
fbem-14880	129	12	audit	audit	NOUN
fbem-14880	129	13	committee	committee	NOUN
fbem-14880	129	14	,	,	PUNCT
fbem-14880	129	15	which	which	PRON
fbem-14880	129	16	has	have	VERB
fbem-14880	129	17	a	a	DET
fbem-14880	129	18	disclosure	disclosure	NOUN
fbem-14880	129	19	obligation	obligation	NOUN
fbem-14880	129	20	only	only	ADV
fbem-14880	129	21	in	in	ADP
fbem-14880	129	22	respect	respect	NOUN
fbem-14880	129	23	of	of	ADP
fbem-14880	129	24	connected	connected	ADJ
fbem-14880	129	25	transactions	transaction	NOUN
fbem-14880	129	26	.	.	PUNCT
fbem-14880	130	1	apart	apart	ADV
fbem-14880	130	2	from	from	ADP
fbem-14880	130	3	the	the	DET
fbem-14880	130	4	audit	audit	NOUN
fbem-14880	130	5	committee	committee	NOUN
fbem-14880	130	6	,	,	PUNCT
fbem-14880	130	7	the	the	DET
fbem-14880	130	8	board	board	NOUN
fbem-14880	130	9	is	be	AUX
fbem-14880	130	10	only	only	ADV
fbem-14880	130	11	required	require	VERB
fbem-14880	130	12	to	to	PART
fbem-14880	130	13	set	set	VERB
fbem-14880	130	14	up	up	ADP
fbem-14880	130	15	one	one	NUM
fbem-14880	130	16	committee	committee	NOUN
fbem-14880	130	17	,	,	PUNCT
fbem-14880	130	18	namely	namely	ADV
fbem-14880	130	19	the	the	DET
fbem-14880	130	20	“	"	PUNCT
fbem-14880	130	21	shareholders	shareholder	NOUN
fbem-14880	130	22	/	/	SYM
fbem-14880	130	23	investors	investor	NOUN
fbem-14880	130	24	grievances	grievance	VERB
fbem-14880	130	25	committee	committee	NOUN
fbem-14880	130	26	”	"	PUNCT
fbem-14880	130	27	,	,	PUNCT
fbem-14880	130	28	the	the	DET
fbem-14880	130	29	establishment	establishment	NOUN
fbem-14880	130	30	of	of	ADP
fbem-14880	130	31	which	which	PRON
fbem-14880	130	32	is	be	AUX
fbem-14880	130	33	mandatory	mandatory	ADJ
fbem-14880	130	34	.	.	PUNCT
fbem-14880	131	1	although	although	SCONJ
fbem-14880	131	2	it	it	PRON
fbem-14880	131	3	is	be	AUX
fbem-14880	131	4	not	not	PART
fbem-14880	131	5	mandatory	mandatory	ADJ
fbem-14880	131	6	for	for	SCONJ
fbem-14880	131	7	this	this	DET
fbem-14880	131	8	committee	committee	NOUN
fbem-14880	131	9	to	to	PART
fbem-14880	131	10	have	have	VERB
fbem-14880	131	11	any	any	DET
fbem-14880	131	12	independent	independent	ADJ
fbem-14880	131	13	directors	director	NOUN
fbem-14880	131	14	,	,	PUNCT
fbem-14880	131	15	in	in	ADP
fbem-14880	131	16	practise	practise	NOUN
fbem-14880	131	17	it	it	PRON
fbem-14880	131	18	does	do	AUX
fbem-14880	131	19	include	include	VERB
fbem-14880	131	20	some	some	DET
fbem-14880	131	21	independent	independent	ADJ
fbem-14880	131	22	directors	director	NOUN
fbem-14880	131	23	.	.	PUNCT
fbem-14880	132	1	regarding	regard	VERB
fbem-14880	132	2	the	the	DET
fbem-14880	132	3	compensation	compensation	NOUN
fbem-14880	132	4	committee	committee	NOUN
fbem-14880	132	5	,	,	PUNCT
fbem-14880	132	6	this	this	PRON
fbem-14880	132	7	is	be	AUX
fbem-14880	132	8	not	not	PART
fbem-14880	132	9	a	a	DET
fbem-14880	132	10	requirement	requirement	NOUN
fbem-14880	132	11	,	,	PUNCT
fbem-14880	132	12	and	and	CCONJ
fbem-14880	132	13	it	it	PRON
fbem-14880	132	14	is	be	AUX
fbem-14880	132	15	up	up	ADP
fbem-14880	132	16	to	to	ADP
fbem-14880	132	17	the	the	DET
fbem-14880	132	18	firm	firm	NOUN
fbem-14880	132	19	to	to	PART
fbem-14880	132	20	determine	determine	VERB
fbem-14880	132	21	whether	whether	SCONJ
fbem-14880	132	22	or	or	CCONJ
fbem-14880	132	23	not	not	PART
fbem-14880	132	24	to	to	PART
fbem-14880	132	25	establish	establish	VERB
fbem-14880	132	26	one	one	NUM
fbem-14880	132	27	.	.	PUNCT
fbem-14880	133	1	the	the	DET
fbem-14880	133	2	decision	decision	NOUN
fbem-14880	133	3	is	be	AUX
fbem-14880	133	4	left	leave	VERB
fbem-14880	133	5	up	up	ADP
fbem-14880	133	6	to	to	ADP
fbem-14880	133	7	the	the	DET
fbem-14880	133	8	corporation	corporation	NOUN
fbem-14880	133	9	.	.	PUNCT
fbem-14880	134	1	the	the	DET
fbem-14880	134	2	fact	fact	NOUN
fbem-14880	134	3	that	that	SCONJ
fbem-14880	134	4	there	there	PRON
fbem-14880	134	5	is	be	VERB
fbem-14880	134	6	no	no	DET
fbem-14880	134	7	obligatory	obligatory	ADJ
fbem-14880	134	8	obligation	obligation	NOUN
fbem-14880	134	9	in	in	ADP
fbem-14880	134	10	india	india	PROPN
fbem-14880	134	11	to	to	PART
fbem-14880	134	12	establish	establish	VERB
fbem-14880	134	13	a	a	DET
fbem-14880	134	14	nomination	nomination	NOUN
fbem-14880	134	15	committee	committee	NOUN
fbem-14880	134	16	in	in	ADP
fbem-14880	134	17	order	order	NOUN
fbem-14880	134	18	to	to	PART
fbem-14880	134	19	nominate	nominate	VERB
fbem-14880	134	20	independent	independent	ADJ
fbem-14880	134	21	directors	director	NOUN
fbem-14880	134	22	means	mean	VERB
fbem-14880	134	23	that	that	SCONJ
fbem-14880	134	24	the	the	DET
fbem-14880	134	25	controlling	control	VERB
fbem-14880	134	26	shareholder	shareholder	NOUN
fbem-14880	134	27	has	have	VERB
fbem-14880	134	28	a	a	DET
fbem-14880	134	29	large	large	ADJ
fbem-14880	134	30	amount	amount	NOUN
fbem-14880	134	31	of	of	ADP
fbem-14880	134	32	influence	influence	NOUN
fbem-14880	134	33	over	over	ADP
fbem-14880	134	34	the	the	DET
fbem-14880	134	35	nomination	nomination	NOUN
fbem-14880	134	36	and	and	CCONJ
fbem-14880	134	37	appointment	appointment	NOUN
fbem-14880	134	38	of	of	ADP
fbem-14880	134	39	independent	independent	ADJ
fbem-14880	134	40	directors	director	NOUN
fbem-14880	134	41	.	.	PUNCT
fbem-14880	135	1	this	this	PRON
fbem-14880	135	2	creates	create	VERB
fbem-14880	135	3	a	a	DET
fbem-14880	135	4	barrier	barrier	NOUN
fbem-14880	135	5	for	for	ADP
fbem-14880	135	6	the	the	DET
fbem-14880	135	7	preservation	preservation	NOUN
fbem-14880	135	8	of	of	ADP
fbem-14880	135	9	the	the	DET
fbem-14880	135	10	interests	interest	NOUN
fbem-14880	135	11	of	of	ADP
fbem-14880	135	12	minority	minority	NOUN
fbem-14880	135	13	shareholders	shareholder	NOUN
fbem-14880	135	14	since	since	SCONJ
fbem-14880	135	15	it	it	PRON
fbem-14880	135	16	is	be	AUX
fbem-14880	135	17	likely	likely	ADJ
fbem-14880	135	18	that	that	SCONJ
fbem-14880	135	19	the	the	DET
fbem-14880	135	20	interests	interest	NOUN
fbem-14880	135	21	of	of	ADP
fbem-14880	135	22	the	the	DET
fbem-14880	135	23	controlling	control	VERB
fbem-14880	135	24	shareholder	shareholder	NOUN
fbem-14880	135	25	will	will	AUX
fbem-14880	135	26	be	be	AUX
fbem-14880	135	27	the	the	DET
fbem-14880	135	28	only	only	ADJ
fbem-14880	135	29	thing	thing	NOUN
fbem-14880	135	30	considered	consider	VERB
fbem-14880	135	31	by	by	ADP
fbem-14880	135	32	the	the	DET
fbem-14880	135	33	independent	independent	ADJ
fbem-14880	135	34	directors	director	NOUN
fbem-14880	135	35	selected	select	VERB
fbem-14880	135	36	by	by	ADP
fbem-14880	135	37	the	the	DET
fbem-14880	135	38	controlling	control	VERB
fbem-14880	135	39	shareholder	shareholder	NOUN
fbem-14880	135	40	.	.	PUNCT
fbem-14880	136	1	in	in	ADP
fbem-14880	136	2	a	a	DET
fbem-14880	136	3	situation	situation	NOUN
fbem-14880	136	4	like	like	ADP
fbem-14880	136	5	this	this	DET
fbem-14880	136	6	one	one	NOUN
fbem-14880	136	7	,	,	PUNCT
fbem-14880	136	8	independent	independent	ADJ
fbem-14880	136	9	directors	director	NOUN
fbem-14880	136	10	do	do	AUX
fbem-14880	136	11	not	not	PART
fbem-14880	136	12	regulate	regulate	VERB
fbem-14880	136	13	the	the	DET
fbem-14880	136	14	management	management	NOUN
fbem-14880	136	15	or	or	CCONJ
fbem-14880	136	16	the	the	DET
fbem-14880	136	17	shareholders	shareholder	NOUN
fbem-14880	136	18	,	,	PUNCT
fbem-14880	136	19	and	and	CCONJ
fbem-14880	136	20	it	it	PRON
fbem-14880	136	21	is	be	AUX
fbem-14880	136	22	unreasonable	unreasonable	ADJ
fbem-14880	136	23	to	to	PART
fbem-14880	136	24	anticipate	anticipate	VERB
fbem-14880	136	25	that	that	SCONJ
fbem-14880	136	26	independent	independent	ADJ
fbem-14880	136	27	directors	director	NOUN
fbem-14880	136	28	will	will	AUX
fbem-14880	136	29	fill	fill	VERB
fbem-14880	136	30	any	any	DET
fbem-14880	136	31	regulatory	regulatory	ADJ
fbem-14880	136	32	tasks	task	NOUN
fbem-14880	136	33	.	.	PUNCT
fbem-14880	137	1	independent	independent	ADJ
fbem-14880	137	2	directors	director	NOUN
fbem-14880	137	3	are	be	AUX
fbem-14880	137	4	not	not	PART
fbem-14880	137	5	subject	subject	ADJ
fbem-14880	137	6	to	to	ADP
fbem-14880	137	7	any	any	DET
fbem-14880	137	8	regulatory	regulatory	ADJ
fbem-14880	137	9	oversight	oversight	NOUN
fbem-14880	137	10	.	.	PUNCT
fbem-14880	138	1	in	in	ADP
fbem-14880	138	2	short	short	ADJ
fbem-14880	138	3	,	,	PUNCT
fbem-14880	138	4	independent	independent	ADJ
fbem-14880	138	5	directors	director	NOUN
fbem-14880	138	6	can	can	AUX
fbem-14880	138	7	not	not	PART
fbem-14880	138	8	be	be	AUX
fbem-14880	138	9	expected	expect	VERB
fbem-14880	138	10	to	to	PART
fbem-14880	138	11	exercise	exercise	VERB
fbem-14880	138	12	any	any	DET
fbem-14880	138	13	meaningful	meaningful	ADJ
fbem-14880	138	14	oversight	oversight	NOUN
fbem-14880	138	15	in	in	ADP
fbem-14880	138	16	light	light	NOUN
fbem-14880	138	17	of	of	ADP
fbem-14880	138	18	the	the	DET
fbem-14880	138	19	economic	economic	ADJ
fbem-14880	138	20	and	and	CCONJ
fbem-14880	138	21	legal	legal	ADJ
fbem-14880	138	22	context	context	NOUN
fbem-14880	138	23	in	in	ADP
fbem-14880	138	24	india	india	PROPN
fbem-14880	138	25	,	,	PUNCT
fbem-14880	138	26	so	so	ADV
fbem-14880	138	27	independent	independent	ADJ
fbem-14880	138	28	directors	director	NOUN
fbem-14880	138	29	are	be	AUX
fbem-14880	138	30	not	not	PART
fbem-14880	138	31	well	well	ADV
fbem-14880	138	32	placed	place	VERB
fbem-14880	138	33	to	to	PART
fbem-14880	138	34	enhance	enhance	VERB
fbem-14880	138	35	corporate	corporate	ADJ
fbem-14880	138	36	governance	governance	NOUN
fbem-14880	138	37	.	.	PUNCT
fbem-14880	139	1	5	5	X
fbem-14880	139	2	.	.	X
fbem-14880	139	3	conclusion	conclusion	NOUN
fbem-14880	139	4	in	in	ADP
fbem-14880	139	5	general	general	ADJ
fbem-14880	139	6	,	,	PUNCT
fbem-14880	139	7	independent	independent	ADJ
fbem-14880	139	8	directors	director	NOUN
fbem-14880	139	9	do	do	AUX
fbem-14880	139	10	play	play	VERB
fbem-14880	139	11	an	an	DET
fbem-14880	139	12	important	important	ADJ
fbem-14880	139	13	role	role	NOUN
fbem-14880	139	14	as	as	ADP
fbem-14880	139	15	shareholder	shareholder	NOUN
fbem-14880	139	16	advocates	advocate	NOUN
fbem-14880	139	17	and	and	CCONJ
fbem-14880	139	18	play	play	VERB
fbem-14880	139	19	an	an	DET
fbem-14880	139	20	important	important	ADJ
fbem-14880	139	21	role	role	NOUN
fbem-14880	139	22	in	in	ADP
fbem-14880	139	23	regulating	regulate	VERB
fbem-14880	139	24	management	management	NOUN
fbem-14880	139	25	and	and	CCONJ
fbem-14880	139	26	maximizing	maximize	VERB
fbem-14880	139	27	wealth	wealth	NOUN
fbem-14880	139	28	.	.	PUNCT
fbem-14880	140	1	it	it	PRON
fbem-14880	140	2	is	be	AUX
fbem-14880	140	3	only	only	ADV
fbem-14880	140	4	that	that	SCONJ
fbem-14880	140	5	independent	independent	ADJ
fbem-14880	140	6	directors	director	NOUN
fbem-14880	140	7	are	be	AUX
fbem-14880	140	8	subject	subject	ADJ
fbem-14880	140	9	to	to	ADP
fbem-14880	140	10	certain	certain	ADJ
fbem-14880	140	11	factors	factor	NOUN
fbem-14880	140	12	in	in	ADP
fbem-14880	140	13	carrying	carry	VERB
fbem-14880	140	14	out	out	ADP
fbem-14880	140	15	their	their	PRON
fbem-14880	140	16	functions	function	NOUN
fbem-14880	140	17	,	,	PUNCT
fbem-14880	140	18	such	such	ADJ
fbem-14880	140	19	as	as	ADP
fbem-14880	140	20	the	the	DET
fbem-14880	140	21	free	free	ADJ
fbem-14880	140	22	-	-	PUNCT
fbem-14880	140	23	trade	trade	NOUN
fbem-14880	140	24	standard	standard	NOUN
fbem-14880	140	25	,	,	PUNCT
fbem-14880	140	26	certification	certification	NOUN
fbem-14880	140	27	of	of	ADP
fbem-14880	140	28	relevant	relevant	ADJ
fbem-14880	140	29	facts	fact	NOUN
fbem-14880	140	30	and	and	CCONJ
fbem-14880	140	31	the	the	DET
fbem-14880	140	32	psychological	psychological	ADJ
fbem-14880	140	33	pressure	pressure	NOUN
fbem-14880	140	34	faced	face	VERB
fbem-14880	140	35	by	by	ADP
fbem-14880	140	36	independent	independent	ADJ
fbem-14880	140	37	directors	director	NOUN
fbem-14880	140	38	.	.	PUNCT
fbem-14880	141	1	as	as	ADP
fbem-14880	141	2	a	a	DET
fbem-14880	141	3	consequence	consequence	NOUN
fbem-14880	141	4	,	,	PUNCT
fbem-14880	141	5	the	the	DET
fbem-14880	141	6	function	function	NOUN
fbem-14880	141	7	of	of	ADP
fbem-14880	141	8	the	the	DET
fbem-14880	141	9	independent	independent	ADJ
fbem-14880	141	10	director	director	NOUN
fbem-14880	141	11	is	be	AUX
fbem-14880	141	12	not	not	PART
fbem-14880	141	13	fully	fully	ADV
fbem-14880	141	14	effective	effective	ADJ
fbem-14880	141	15	,	,	PUNCT
fbem-14880	141	16	but	but	CCONJ
fbem-14880	141	17	this	this	PRON
fbem-14880	141	18	does	do	AUX
fbem-14880	141	19	not	not	PART
fbem-14880	141	20	negate	negate	VERB
fbem-14880	141	21	the	the	DET
fbem-14880	141	22	fact	fact	NOUN
fbem-14880	141	23	that	that	SCONJ
fbem-14880	141	24	independent	independent	ADJ
fbem-14880	141	25	directors	director	NOUN
fbem-14880	141	26	play	play	VERB
fbem-14880	141	27	a	a	DET
fbem-14880	141	28	role	role	NOUN
fbem-14880	141	29	in	in	ADP
fbem-14880	141	30	promoting	promote	VERB
fbem-14880	141	31	good	good	ADJ
fbem-14880	141	32	corporate	corporate	ADJ
fbem-14880	141	33	governance	governance	NOUN
fbem-14880	141	34	.	.	PUNCT
fbem-14880	142	1	in	in	ADP
fbem-14880	142	2	addition	addition	NOUN
fbem-14880	142	3	to	to	ADP
fbem-14880	142	4	this	this	PRON
fbem-14880	142	5	,	,	PUNCT
fbem-14880	142	6	independent	independent	ADJ
fbem-14880	142	7	directors	director	NOUN
fbem-14880	142	8	would	would	AUX
fbem-14880	142	9	have	have	AUX
fbem-14880	142	10	played	play	VERB
fbem-14880	142	11	a	a	DET
fbem-14880	142	12	significant	significant	ADJ
fbem-14880	142	13	role	role	NOUN
fbem-14880	142	14	in	in	ADP
fbem-14880	142	15	promoting	promote	VERB
fbem-14880	142	16	corporate	corporate	ADJ
fbem-14880	142	17	governance	governance	NOUN
fbem-14880	142	18	under	under	ADP
fbem-14880	142	19	the	the	DET
fbem-14880	142	20	corporate	corporate	ADJ
fbem-14880	142	21	structure	structure	NOUN
fbem-14880	142	22	in	in	ADP
fbem-14880	142	23	the	the	DET
fbem-14880	142	24	uk	uk	PROPN
fbem-14880	142	25	and	and	CCONJ
fbem-14880	142	26	the	the	DET
fbem-14880	142	27	us	us	PROPN
fbem-14880	142	28	,	,	PUNCT
fbem-14880	142	29	but	but	CCONJ
fbem-14880	142	30	conversely	conversely	ADV
fbem-14880	142	31	,	,	PUNCT
fbem-14880	142	32	in	in	ADP
fbem-14880	142	33	india	india	PROPN
fbem-14880	142	34	,	,	PUNCT
fbem-14880	142	35	the	the	DET
fbem-14880	142	36	different	different	ADJ
fbem-14880	142	37	corporate	corporate	ADJ
fbem-14880	142	38	structure	structure	NOUN
fbem-14880	142	39	and	and	CCONJ
fbem-14880	142	40	different	different	ADJ
fbem-14880	142	41	legal	legal	ADJ
fbem-14880	142	42	provisions	provision	NOUN
fbem-14880	142	43	have	have	AUX
fbem-14880	142	44	resulted	result	VERB
fbem-14880	142	45	in	in	ADP
fbem-14880	142	46	the	the	DET
fbem-14880	142	47	independent	independent	ADJ
fbem-14880	142	48	directors	director	NOUN
fbem-14880	142	49	not	not	PART
fbem-14880	142	50	being	be	AUX
fbem-14880	142	51	very	very	ADV
fbem-14880	142	52	effective	effective	ADJ
fbem-14880	142	53	in	in	ADP
fbem-14880	142	54	promoting	promote	VERB
fbem-14880	142	55	good	good	ADJ
fbem-14880	142	56	corporate	corporate	ADJ
fbem-14880	142	57	governance	governance	NOUN
fbem-14880	142	58	.	.	PUNCT
fbem-14880	143	1	therefore	therefore	ADV
fbem-14880	143	2	,	,	PUNCT
fbem-14880	143	3	when	when	SCONJ
fbem-14880	143	4	analyzing	analyze	VERB
fbem-14880	143	5	whether	whether	SCONJ
fbem-14880	143	6	independent	independent	ADJ
fbem-14880	143	7	directors	director	NOUN
fbem-14880	143	8	ensure	ensure	VERB
fbem-14880	143	9	good	good	ADJ
fbem-14880	143	10	corporate	corporate	ADJ
fbem-14880	143	11	governance	governance	NOUN
fbem-14880	143	12	,	,	PUNCT
fbem-14880	143	13	factors	factor	NOUN
fbem-14880	143	14	such	such	ADJ
fbem-14880	143	15	as	as	ADP
fbem-14880	143	16	different	different	ADJ
fbem-14880	143	17	countries	country	NOUN
fbem-14880	143	18	and	and	CCONJ
fbem-14880	143	19	different	different	ADJ
fbem-14880	143	20	corporate	corporate	ADJ
fbem-14880	143	21	structures	structure	NOUN
fbem-14880	143	22	need	need	VERB
fbem-14880	143	23	to	to	PART
fbem-14880	143	24	be	be	AUX
fbem-14880	143	25	taken	take	VERB
fbem-14880	143	26	into	into	ADP
fbem-14880	143	27	account	account	NOUN
fbem-14880	143	28	.	.	PUNCT
fbem-14880	144	1	references	reference	NOUN
fbem-14880	144	2	[	[	X
fbem-14880	144	3	1	1	NUM
fbem-14880	144	4	]	]	PUNCT
fbem-14880	144	5	umakanth	umakanth	ADJ
fbem-14880	144	6	varottil	varottil	NOUN
fbem-14880	144	7	:	:	PUNCT
fbem-14880	144	8	evolution	evolution	NOUN
fbem-14880	144	9	and	and	CCONJ
fbem-14880	144	10	effectiveness	effectiveness	NOUN
fbem-14880	144	11	of	of	ADP
fbem-14880	144	12	independent	independent	ADJ
fbem-14880	144	13	directors	director	NOUN
fbem-14880	144	14	in	in	ADP
fbem-14880	144	15	indian	indian	ADJ
fbem-14880	144	16	corporate	corporate	ADJ
fbem-14880	144	17	governance	governance	NOUN
fbem-14880	144	18	,	,	PUNCT
fbem-14880	144	19	hastings	hastings	PROPN
fbem-14880	144	20	business	business	PROPN
fbem-14880	144	21	law	law	PROPN
fbem-14880	144	22	,	,	PUNCT
fbem-14880	144	23	journal	journal	NOUN
fbem-14880	144	24	6	6	NUM
fbem-14880	144	25	(	(	PUNCT
fbem-14880	144	26	2010	2010	NUM
fbem-14880	144	27	)	)	PUNCT
fbem-14880	144	28	no.2	no.2	PROPN
fbem-14880	144	29	,	,	PUNCT
fbem-14880	144	30	p.281	p.281	PROPN
fbem-14880	144	31	-	-	SYM
fbem-14880	144	32	376	376	NUM
fbem-14880	144	33	.	.	PUNCT
fbem-14880	145	1	[	[	X
fbem-14880	145	2	2	2	NUM
fbem-14880	145	3	]	]	X
fbem-14880	145	4	petra	petra	PROPN
fbem-14880	145	5	,	,	PUNCT
fbem-14880	145	6	s.t	s.t	PROPN
fbem-14880	145	7	.	.	PROPN
fbem-14880	145	8	:	:	PUNCT
fbem-14880	145	9	do	do	AUX
fbem-14880	145	10	outside	outside	ADP
fbem-14880	145	11	independent	independent	ADJ
fbem-14880	145	12	directors	director	NOUN
fbem-14880	145	13	strengthen	strengthen	VERB
fbem-14880	145	14	corporate	corporate	ADJ
fbem-14880	145	15	boards	board	NOUN
fbem-14880	145	16	?	?	PUNCT
fbem-14880	145	17	,	,	PUNCT
fbem-14880	145	18	corporate	corporate	ADJ
fbem-14880	145	19	governance	governance	NOUN
fbem-14880	145	20	(	(	PUNCT
fbem-14880	145	21	bradford),vol.5	bradford),vol.5	X
fbem-14880	145	22	(	(	PUNCT
fbem-14880	145	23	2005	2005	NUM
fbem-14880	145	24	)	)	PUNCT
fbem-14880	145	25	no.1	no.1	NOUN
fbem-14880	145	26	,	,	PUNCT
fbem-14880	145	27	p.55	p.55	NOUN
fbem-14880	145	28	-	-	NOUN
fbem-14880	145	29	64	64	NUM
fbem-14880	145	30	.	.	PUNCT
fbem-14880	146	1	[	[	X
fbem-14880	146	2	3	3	NUM
fbem-14880	146	3	]	]	X
fbem-14880	146	4	brudney	brudney	NOUN
fbem-14880	146	5	,	,	PUNCT
fbem-14880	146	6	victor	victor	NOUN
fbem-14880	146	7	:	:	PUNCT
fbem-14880	146	8	the	the	DET
fbem-14880	146	9	independent	independent	ADJ
fbem-14880	146	10	director	director	NOUN
fbem-14880	146	11	:	:	PUNCT
fbem-14880	146	12	heavenly	heavenly	ADJ
fbem-14880	146	13	city	city	NOUN
fbem-14880	146	14	or	or	CCONJ
fbem-14880	146	15	potemkin	potemkin	NOUN
fbem-14880	146	16	village	village	NOUN
fbem-14880	146	17	?	?	PUNCT
fbem-14880	146	18	,	,	PUNCT
fbem-14880	146	19	harvard	harvard	PROPN
fbem-14880	146	20	law	law	PROPN
fbem-14880	146	21	review	review	PROPN
fbem-14880	146	22	,	,	PUNCT
fbem-14880	146	23	(	(	PUNCT
fbem-14880	146	24	1982	1982	NUM
fbem-14880	146	25	)	)	PUNCT
fbem-14880	146	26	,	,	PUNCT
fbem-14880	146	27	p.597	p.597	NOUN
fbem-14880	146	28	-	-	PUNCT
fbem-14880	146	29	659	659	NUM
fbem-14880	146	30	.	.	PUNCT
fbem-14880	147	1	[	[	X
fbem-14880	147	2	4	4	NUM
fbem-14880	147	3	]	]	X
fbem-14880	147	4	ringe	ringe	NOUN
fbem-14880	147	5	,	,	PUNCT
fbem-14880	147	6	wg	wg	PROPN
fbem-14880	147	7	.	.	PUNCT
fbem-14880	147	8	:	:	PUNCT
fbem-14880	147	9	independent	independent	ADJ
fbem-14880	147	10	directors	director	NOUN
fbem-14880	147	11	:	:	PUNCT
fbem-14880	147	12	after	after	ADP
fbem-14880	147	13	the	the	DET
fbem-14880	147	14	crisis	crisis	NOUN
fbem-14880	147	15	,	,	PUNCT
fbem-14880	147	16	eur	eur	ADJ
fbem-14880	147	17	bus	bus	NOUN
fbem-14880	147	18	org	org	NOUN
fbem-14880	147	19	law	law	PROPN
fbem-14880	147	20	rev	rev	VERB
fbem-14880	147	21	,	,	PUNCT
fbem-14880	147	22	vol.14	vol.14	NOUN
fbem-14880	147	23	(	(	PUNCT
fbem-14880	147	24	2013	2013	NUM
fbem-14880	147	25	)	)	PUNCT
fbem-14880	147	26	,	,	PUNCT
fbem-14880	147	27	p.401	p.401	NOUN
fbem-14880	147	28	-	-	PUNCT
fbem-14880	147	29	424	424	NUM
fbem-14880	147	30	.	.	NOUN
fbem-14880	147	31	203	203	NUM
fbem-14880	148	1	[	[	SYM
fbem-14880	148	2	5	5	NUM
fbem-14880	148	3	]	]	PUNCT
fbem-14880	148	4	r.	r.	PROPN
fbem-14880	148	5	nolan	nolan	PROPN
fbem-14880	148	6	:	:	PUNCT
fbem-14880	148	7	the	the	DET
fbem-14880	148	8	legal	legal	ADJ
fbem-14880	148	9	control	control	NOUN
fbem-14880	148	10	of	of	ADP
fbem-14880	148	11	directors	director	NOUN
fbem-14880	148	12	’	'	PUNCT
fbem-14880	148	13	conflicts	conflict	NOUN
fbem-14880	148	14	of	of	ADP
fbem-14880	148	15	interest	interest	NOUN
fbem-14880	148	16	in	in	ADP
fbem-14880	148	17	the	the	DET
fbem-14880	148	18	united	united	ADJ
fbem-14880	148	19	kingdom	kingdom	PROPN
fbem-14880	148	20	:	:	PUNCT
fbem-14880	148	21	non	non	ADJ
fbem-14880	148	22	-	-	ADJ
fbem-14880	148	23	executive	executive	ADJ
fbem-14880	148	24	directors	director	NOUN
fbem-14880	148	25	following	follow	VERB
fbem-14880	148	26	the	the	DET
fbem-14880	148	27	higgs	higgs	PROPN
fbem-14880	148	28	report	report	NOUN
fbem-14880	148	29	’	'	PUNCT
fbem-14880	148	30	in	in	ADP
fbem-14880	148	31	j.	j.	PROPN
fbem-14880	148	32	armour	armour	PROPN
fbem-14880	148	33	and	and	CCONJ
fbem-14880	148	34	j.	j.	PROPN
fbem-14880	148	35	mccahery	mccahery	PROPN
fbem-14880	148	36	,	,	PUNCT
fbem-14880	148	37	eds	eds	PROPN
fbem-14880	148	38	.	.	PUNCT
fbem-14880	149	1	after	after	ADP
fbem-14880	149	2	enron	enron	PROPN
fbem-14880	149	3	:	:	PUNCT
fbem-14880	149	4	improving	improve	VERB
fbem-14880	149	5	corporate	corporate	ADJ
fbem-14880	149	6	law	law	NOUN
fbem-14880	149	7	and	and	CCONJ
fbem-14880	149	8	modernising	modernise	VERB
fbem-14880	149	9	securities	security	NOUN
fbem-14880	149	10	regulation	regulation	NOUN
fbem-14880	149	11	in	in	ADP
fbem-14880	149	12	europe	europe	PROPN
fbem-14880	149	13	and	and	CCONJ
fbem-14880	149	14	the	the	DET
fbem-14880	149	15	us	us	PROPN
fbem-14880	149	16	(	(	PUNCT
fbem-14880	149	17	oxford	oxford	PROPN
fbem-14880	149	18	,	,	PUNCT
fbem-14880	149	19	hart	hart	PROPN
fbem-14880	149	20	publishing	publishing	PROPN
fbem-14880	149	21	2006	2006	NUM
fbem-14880	149	22	)	)	PUNCT
fbem-14880	149	23	,	,	PUNCT
fbem-14880	149	24	p.367	p.367	NOUN
fbem-14880	149	25	.	.	PUNCT
fbem-14880	150	1	[	[	X
fbem-14880	150	2	6	6	NUM
fbem-14880	150	3	]	]	X
fbem-14880	150	4	mittal	mittal	PROPN
fbem-14880	150	5	,	,	PUNCT
fbem-14880	150	6	pranav	pranav	PROPN
fbem-14880	150	7	:	:	PUNCT
fbem-14880	150	8	the	the	DET
fbem-14880	150	9	role	role	NOUN
fbem-14880	150	10	of	of	ADP
fbem-14880	150	11	independent	independent	ADJ
fbem-14880	150	12	directors	director	NOUN
fbem-14880	150	13	in	in	ADP
fbem-14880	150	14	corporate	corporate	ADJ
fbem-14880	150	15	governance	governance	NOUN
fbem-14880	150	16	,	,	PUNCT
fbem-14880	150	17	nujs	nujs	NOUN
fbem-14880	150	18	l	l	PROPN
fbem-14880	150	19	,	,	PUNCT
fbem-14880	150	20	rev	rev	VERB
fbem-14880	150	21	.	.	PROPN
fbem-14880	150	22	4	4	NUM
fbem-14880	150	23	(	(	PUNCT
fbem-14880	150	24	2011	2011	NUM
fbem-14880	150	25	)	)	PUNCT
fbem-14880	150	26	,	,	PUNCT
fbem-14880	150	27	p.285	p.285	X
fbem-14880	150	28	.	.	PUNCT
fbem-14880	151	1	[	[	X
fbem-14880	151	2	7	7	X
fbem-14880	151	3	]	]	X
fbem-14880	151	4	prime	prime	ADJ
fbem-14880	151	5	directors	director	NOUN
fbem-14880	151	6	,	,	PUNCT
fbem-14880	151	7	cii	cii	PROPN
fbem-14880	151	8	summit	summit	NOUN
fbem-14880	151	9	stresses	stress	VERB
fbem-14880	151	10	on	on	ADP
fbem-14880	151	11	importance	importance	NOUN
fbem-14880	151	12	of	of	ADP
fbem-14880	151	13	independent	independent	ADJ
fbem-14880	151	14	directors	director	NOUN
fbem-14880	151	15	in	in	ADP
fbem-14880	151	16	corporate	corporate	ADJ
fbem-14880	151	17	governance	governance	NOUN
fbem-14880	151	18	,	,	PUNCT
fbem-14880	151	19	(	(	PUNCT
fbem-14880	151	20	september	september	PROPN
fbem-14880	151	21	14	14	NUM
fbem-14880	151	22	,	,	PUNCT
fbem-14880	151	23	2005	2005	NUM
fbem-14880	151	24	)	)	PUNCT
fbem-14880	151	25	.	.	PUNCT
fbem-14880	152	1	[	[	X
fbem-14880	152	2	8	8	NUM
fbem-14880	152	3	]	]	X
fbem-14880	152	4	alancik	alancik	NOUN
fbem-14880	152	5	and	and	CCONJ
fbem-14880	152	6	pfeffer	pfeffer	PROPN
fbem-14880	152	7	:	:	PUNCT
fbem-14880	152	8	effects	effect	NOUN
fbem-14880	152	9	of	of	ADP
fbem-14880	152	10	ownership	ownership	NOUN
fbem-14880	152	11	and	and	CCONJ
fbem-14880	152	12	performance	performance	NOUN
fbem-14880	152	13	on	on	ADP
fbem-14880	152	14	executive	executive	ADJ
fbem-14880	152	15	tenure	tenure	NOUN
fbem-14880	152	16	in	in	ADP
fbem-14880	152	17	u.s	u.s	PROPN
fbem-14880	152	18	.	.	PROPN
fbem-14880	152	19	corporations	corporation	NOUN
fbem-14880	152	20	,	,	PUNCT
fbem-14880	152	21	acad	acad	PROPN
fbem-14880	152	22	.	.	PUNCT
fbem-14880	153	1	mgmt	mgmt	PROPN
fbem-14880	153	2	.	.	PUNCT
fbem-14880	154	1	j	j	PROPN
fbem-14880	154	2	,	,	PUNCT
fbem-14880	154	3	vol.23	vol.23	PROPN
fbem-14880	154	4	,	,	PUNCT
fbem-14880	154	5	p.662	p.662	NOUN
fbem-14880	154	6	.	.	PUNCT
fbem-14880	155	1	[	[	X
fbem-14880	155	2	9	9	NUM
fbem-14880	155	3	]	]	X
fbem-14880	155	4	salamon	salamon	PROPN
fbem-14880	155	5	and	and	CCONJ
fbem-14880	155	6	smith	smith	PROPN
fbem-14880	155	7	:	:	PUNCT
fbem-14880	155	8	corporate	corporate	ADJ
fbem-14880	155	9	control	control	NOUN
fbem-14880	155	10	and	and	CCONJ
fbem-14880	155	11	managerial	managerial	ADJ
fbem-14880	155	12	misrepresentation	misrepresentation	NOUN
fbem-14880	155	13	of	of	ADP
fbem-14880	155	14	firm	firm	ADJ
fbem-14880	155	15	performance	performance	NOUN
fbem-14880	155	16	,	,	PUNCT
fbem-14880	155	17	bell	bell	PROPN
fbem-14880	155	18	j.	j.	PROPN
fbem-14880	155	19	econ	econ	PROPN
fbem-14880	155	20	,	,	PUNCT
fbem-14880	155	21	vol.i0	vol.i0	PROPN
fbem-14880	155	22	(	(	PUNCT
fbem-14880	155	23	i979	i979	PROPN
fbem-14880	155	24	)	)	PUNCT
fbem-14880	155	25	,	,	PUNCT
fbem-14880	155	26	p.3i9	p.3i9	PROPN
fbem-14880	155	27	-	-	PUNCT
fbem-14880	155	28	327	327	NUM
fbem-14880	155	29	.	.	PUNCT
fbem-14880	156	1	[	[	X
fbem-14880	156	2	10	10	NUM
fbem-14880	156	3	]	]	X
fbem-14880	156	4	varottil	varottil	NOUN
fbem-14880	156	5	,	,	PUNCT
fbem-14880	156	6	umakanth	umakanth	ADJ
fbem-14880	156	7	:	:	PUNCT
fbem-14880	156	8	evolution	evolution	NOUN
fbem-14880	156	9	and	and	CCONJ
fbem-14880	156	10	effectiveness	effectiveness	NOUN
fbem-14880	156	11	of	of	ADP
fbem-14880	156	12	independent	independent	ADJ
fbem-14880	156	13	directors	director	NOUN
fbem-14880	156	14	in	in	ADP
fbem-14880	156	15	indian	indian	ADJ
fbem-14880	156	16	corporate	corporate	ADJ
fbem-14880	156	17	governance	governance	NOUN
fbem-14880	156	18	,	,	PUNCT
fbem-14880	156	19	hastings	hastings	PROPN
fbem-14880	156	20	bus	bus	NOUN
fbem-14880	156	21	.	.	PUNCT
fbem-14880	157	1	lj	lj	PROPN
fbem-14880	157	2	,	,	PUNCT
fbem-14880	157	3	vol.6	vol.6	PROPN
fbem-14880	157	4	(	(	PUNCT
fbem-14880	157	5	2010	2010	NUM
fbem-14880	157	6	)	)	PUNCT
fbem-14880	157	7	,	,	PUNCT
fbem-14880	157	8	p.281	p.281	PROPN
fbem-14880	157	9	-	-	SYM
fbem-14880	157	10	376	376	NUM
fbem-14880	157	11	.	.	PUNCT
fbem-14880	158	1	[	[	X
fbem-14880	158	2	11	11	NUM
fbem-14880	158	3	]	]	PUNCT
fbem-14880	158	4	grobow	grobow	NOUN
fbem-14880	158	5	v.	v.	ADP
fbem-14880	158	6	perot	perot	NOUN
fbem-14880	158	7	,	,	PUNCT
fbem-14880	158	8	539	539	NUM
fbem-14880	158	9	a.2d	a.2d	NUM
fbem-14880	158	10	180	180	NUM
fbem-14880	158	11	,	,	PUNCT
fbem-14880	158	12	186	186	NUM
fbem-14880	158	13	(	(	PUNCT
fbem-14880	158	14	citing	cite	VERB
fbem-14880	158	15	aronson	aronson	PROPN
fbem-14880	158	16	v.	v.	PROPN
fbem-14880	158	17	lewis	lewis	PROPN
fbem-14880	158	18	,	,	PUNCT
fbem-14880	158	19	473	473	NUM
fbem-14880	158	20	a.2d	a.2d	SYM
fbem-14880	158	21	805	805	NUM
fbem-14880	158	22	at	at	ADP
fbem-14880	158	23	814	814	NUM
fbem-14880	158	24	(	(	PUNCT
fbem-14880	158	25	del	del	PROPN
fbem-14880	158	26	.	.	NOUN
fbem-14880	158	27	1984	1984	NUM
fbem-14880	158	28	)	)	PUNCT
fbem-14880	159	1	[	[	X
fbem-14880	159	2	hereinafter	hereinafter	NOUN
fbem-14880	159	3	aronson	aronson	PROPN
fbem-14880	159	4	]	]	PUNCT
fbem-14880	159	5	.	.	PUNCT
fbem-14880	160	1	[	[	X
fbem-14880	160	2	12	12	NUM
fbem-14880	160	3	]	]	X
fbem-14880	160	4	financial	financial	ADJ
fbem-14880	160	5	reporting	reporting	NOUN
fbem-14880	160	6	council	council	PROPN
fbem-14880	160	7	:	:	PUNCT
fbem-14880	160	8	committee	committee	NOUN
fbem-14880	160	9	on	on	ADP
fbem-14880	160	10	the	the	DET
fbem-14880	160	11	financial	financial	ADJ
fbem-14880	160	12	aspects	aspect	NOUN
fbem-14880	160	13	of	of	ADP
fbem-14880	160	14	corporate	corporate	ADJ
fbem-14880	160	15	governance	governance	NOUN
fbem-14880	160	16	,	,	PUNCT
fbem-14880	160	17	report	report	NOUN
fbem-14880	160	18	,	,	PUNCT
fbem-14880	160	19	1992	1992	NUM
fbem-14880	160	20	.	.	PUNCT
fbem-14880	161	1	[	[	X
fbem-14880	161	2	hereinafter	hereinafter	NOUN
fbem-14880	161	3	cadbury	cadbury	NOUN
fbem-14880	161	4	report	report	NOUN
fbem-14880	161	5	]	]	PUNCT
fbem-14880	161	6	.	.	PUNCT
fbem-14880	162	1	[	[	X
fbem-14880	162	2	13	13	NUM
fbem-14880	162	3	]	]	X
fbem-14880	162	4	richard	richard	PROPN
fbem-14880	162	5	greenbury	greenbury	PROPN
fbem-14880	162	6	,	,	PUNCT
fbem-14880	162	7	et	et	PROPN
fbem-14880	162	8	al	al	PROPN
fbem-14880	162	9	.	.	PUNCT
fbem-14880	162	10	:	:	PUNCT
fbem-14880	162	11	directors	director	NOUN
fbem-14880	162	12	'	'	PART
fbem-14880	162	13	remuneration	remuneration	NOUN
fbem-14880	162	14	:	:	PUNCT
fbem-14880	162	15	report	report	NOUN
fbem-14880	162	16	of	of	ADP
fbem-14880	162	17	a	a	DET
fbem-14880	162	18	study	study	NOUN
fbem-14880	162	19	group	group	NOUN
fbem-14880	162	20	chaired	chair	VERB
fbem-14880	162	21	by	by	ADP
fbem-14880	162	22	sir	sir	PROPN
fbem-14880	162	23	richard	richard	PROPN
fbem-14880	162	24	,	,	PUNCT
fbem-14880	162	25	greenburv	greenburv	NOUN
fbem-14880	162	26	,	,	PUNCT
fbem-14880	162	27	conf	conf	NOUN
fbem-14880	162	28	.	.	PUNCT
fbem-14880	162	29	of	of	ADP
fbem-14880	162	30	british	british	PROPN
fbem-14880	162	31	indus	indus	PROPN
fbem-14880	162	32	,	,	PUNCT
fbem-14880	162	33	(	(	PUNCT
fbem-14880	162	34	july	july	PROPN
fbem-14880	162	35	17	17	NUM
fbem-14880	162	36	,	,	PUNCT
fbem-14880	162	37	1995	1995	NUM
fbem-14880	162	38	)	)	PUNCT
fbem-14880	162	39	.	.	PUNCT
fbem-14880	163	1	[	[	X
fbem-14880	163	2	14	14	NUM
fbem-14880	163	3	]	]	X
fbem-14880	163	4	financial	financial	ADJ
fbem-14880	163	5	reporting	reporting	NOUN
fbem-14880	163	6	council	council	PROPN
fbem-14880	163	7	,	,	PUNCT
fbem-14880	163	8	committee	committee	NOUN
fbem-14880	163	9	on	on	ADP
fbem-14880	163	10	corporate	corporate	ADJ
fbem-14880	163	11	governance	governance	NOUN
fbem-14880	163	12	,	,	PUNCT
fbem-14880	163	13	final	final	ADJ
fbem-14880	163	14	report	report	NOUN
fbem-14880	163	15	,	,	PUNCT
fbem-14880	163	16	1998	1998	NUM
fbem-14880	163	17	.	.	PUNCT
fbem-14880	164	1	[	[	X
fbem-14880	164	2	15	15	NUM
fbem-14880	164	3	]	]	X
fbem-14880	164	4	financial	financial	ADJ
fbem-14880	164	5	reporting	reporting	NOUN
fbem-14880	164	6	council	council	PROPN
fbem-14880	164	7	,	,	PUNCT
fbem-14880	164	8	the	the	DET
fbem-14880	164	9	combined	combined	ADJ
fbem-14880	164	10	code	code	NOUN
fbem-14880	164	11	on	on	ADP
fbem-14880	164	12	corporate	corporate	ADJ
fbem-14880	164	13	governance	governance	NOUN
fbem-14880	164	14	,	,	PUNCT
fbem-14880	164	15	1999	1999	NUM
fbem-14880	164	16	.	.	PUNCT
fbem-14880	165	1	[	[	X
fbem-14880	165	2	16	16	NUM
fbem-14880	165	3	]	]	X
fbem-14880	165	4	securities	security	NOUN
fbem-14880	165	5	and	and	CCONJ
fbem-14880	165	6	exchange	exchange	PROPN
fbem-14880	165	7	board	board	PROPN
fbem-14880	165	8	of	of	ADP
fbem-14880	165	9	india	india	PROPN
fbem-14880	165	10	,	,	PUNCT
fbem-14880	165	11	circular	circular	ADJ
fbem-14880	165	12	no	no	NOUN
fbem-14880	165	13	.	.	PUNCT
fbem-14880	165	14	smdrp	smdrp	PROPN
fbem-14880	165	15	/	/	SYM
fbem-14880	165	16	policy	policy	NOUN
fbem-14880	165	17	/	/	SYM
fbem-14880	165	18	cir-10/2000	cir-10/2000	PROPN
fbem-14880	165	19	(	(	PUNCT
fbem-14880	165	20	feb	feb	PROPN
fbem-14880	165	21	.	.	PROPN
fbem-14880	165	22	21	21	NUM
fbem-14880	165	23	,	,	PUNCT
fbem-14880	165	24	2000	2000	NUM
fbem-14880	165	25	)	)	PUNCT
fbem-14880	165	26	.	.	PUNCT