The “New Reality” for Corporate Boards

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3 Responses

  1. Kamalnath Shenoy says:

    At least in India, not much more than 10% Board members have so called, authority to exercise. Most of the Board members in most of the Companies get paid to to toe the line. Probably it suits both parties. Corporate Governance is only an eye wash in 70% of companies. Probably it is a matter of evolution and hopefully, we are evolving.

  2. Elliot Fisch says:

    Good article Michael. One responsibility that a compliance committee should have to inform the Board of the company’s compliance program and activities, but to also make the Board aware of upcoming legislation that may affect the company. The Committee Chair should question what the new rules are and what the company is planning to be compliant. I my experience, the Board is usually looking back on the company’s compliance performance, rather than looking at issues that may lie ahead.

  1. December 23, 2014

    […] Volkov identifies the new reality for corporate boards. Tom Fox begins a series analyzing the Avon case. The […]