For the companies in which they invest, pension fund managers seek to ensure the independence of the boards of directors. For one company, fund managers determine that the board had 7 inside directors, 5 independent (outside) directors, and 7 directors that the company labeled as independent, but whom officials consider to be insiders. Seeking more independence of this board, the fund managers ask for change. The company responds and fund managers evaluate the company's new board as having 5 inside directors, 10 independent directors, and 6 directors improperly labeled as independent.

Examine the two charts stored in Board Analysis that are based on these findings. If you were a corporate affairs officer at the company, would you choose Chart1 or Chart2 to highlight the changes in the composition of the board? If you were one of the pension fund managers seeking to ensure an independent board of directors, which chart would you choose? Explain your answer.