1.2
Definition of "independent director"
(iii)
If Mr A were to be appointed by a listed corporation to act as a non-executive director of the listed corporation's unlisted subsidiary, would such appointment disqualify him from being an independent director of the listed corporation pursuant to sub-Rule (e) of the said definition?
No, the appointment of Mr A by the listed corporation as a non-executive director of a non-listed subsidiary of a listed corporation would not disqualify him from being an independent director of such listed corporation pursuant to sub-Rule (e) of the said definition.