“Money for Nothing” highlights the many corporate board failures we have seen recently and illustrate how they are “ruining American business and costing us trillions.” CCI is giving you a chance to receive a free copy of the book.
This article by Steven Barth and Joshua Agen of Foley & Lardner discusses some of the corporate governance issues that boards of directors may confront in addressing the risks and opportunities arising out of this “new normal.”
Recently, Business Week published an adapted version of an executive summary of a policy brief released by the Committee for Economic Development. The brief was authored by Ben Heineman and offers six “essential tasks” that boards of directors and business leaders must undertake to restore faith in corporate governance.
Richard Perkey, a consultant at Russell Reynolds Associates, believes that many financial services company Boards were ill-prepared for the credit crisis. He offers up his prescription for how corporate boards can be more well-equipped in the future.
New research from Lehigh University finds that the majority of the world’s corporations implemented corporate governance measures without taking into account the financial and legal systems of the country in which they operate, and in turn, negatively impacted the firm’s performance. In fact, the authors found that over the period studied as many as 66 percent of the world’s corporations either invested too much or too little in corporate governance based on the financial and legal system in which they operate.
The Bank of China has called for reform of the internal systems and corporate governance structure of the Chinese banking sector.
This article, by Ron Kral of Candela Solutions, defines and identifies several elements of successful corporate compliance programs and also looks at compliance within the realm of the bigger governance, risk and compliance (GRC) picture.
The Wall Street Journal has an interesting article from Clark Judge and Richard Torrenzano regarding the likely effect of the expected 2010 vote by the SEC to grant additional proxy access to shareholders.
Recently, our friends at McCuistion hosted a roundtable discussion centered on the government’s response to the corporate governance crisis that we’ve seen in recent years. Hosted, as always, by Dennis McCuistion, the panel discussion included Edward Durkin, Francis Byrd, and Robert Royer.
by Matha Doran
The spectacle of scandals in the US and Europe turned up the heat on the growing reform movement, both in trying to harmonize accounting standards and corporate governance.
