First published in The Business Times on September 19, 2018 By Chew Yi Hong and Mak Yuen Teen  Independent directors serve as an important check and balance in companies. While they owe fiduciary duties to the company like other directors, they play a special role in safeguarding the interests of minority shareholders. Following the latest review of the Code of Corporate Governance in Singapore, such directors will not be considered independent after nine years, unless approved by a two-tier vote by shareholders from January 2022. Tests for independence based on family and employment relationships will be in the listing rules from January next year. Other relationships have been moved to practice guidance that is not subject to the “comply or explain” requirement, but appropri