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Is it important for OTC-traded companies to have independent directors?

Personal Finance & Money Asked on January 19, 2021

Most companies that are traded over-the-counter (in OTCQX, OTCQB, OTC Pink) do not have independent directors, but some do. Should the existence of independent directors in OTC companies be considered a good thing from the perspective of a retail investor?

For example, Computer Services, Inc. (CSVI) has at least two independent directors, while Fannie Mae (FNMA) does not. Should the existence or non-existence of independent directors affect my OTC stock investment decisions in any way?

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