Independent supervisory board members are deemed to be those members who act independently in their operations and decision-making.
Dependent members are always deemed to be supervisory board members who have a close economic relation with the company, its management board or major shareholders. An independent member immediately informs the supervisory board of the occurrence of facts changing their compliance with the criterion of independence.
In practice, a selection of different circumstances and actions was developed that represent a position of dependence for a supervisory board member and are taken from the European recommendation in Appendix B3, Slovenian Corporate Governance Code for Listed Companies, 2016.
Research and Studies:
>>> more in Slovene language: Poročilo o upravljanju javnih delniških družb 2005 – neodvisnost članov nadzornih svetov v Sloveniji, 2005