2. Exercise Independent judgement.
Inorder to achieve the overall company goal a good director should exercise independent judgement. They should take advise from others, but should not delegate the decision making duties to anyone.
A good director should make decisions that considers the interest of the company. They should believe in their own decisions for them to achieve congruence of this goal with the owners of the company.
For contractors, independence may include making the right decisions that ensure that your statutory duties are met on time.