Warren Buffett, billionaire investor and chairman of Berkshire Hathaway, has made some executive moves to get in line with proposed corporate governance rules, Reuters reports.
Although many have cited Bufett as an example of proper corporate governance tactics, this move appears to clear up the allegation that the previous directors of the firm were in fact not independent enough. They included, included Buffett himself, his long-time business partner Charles Munger and Buffetts wife, Susan, and son, Howard. There were an additional three independants. The newly named directors would appear to add some balance to the boardroom.