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No More Rubber Stamps
Dominant corporate CEOs once saw their boards as the rubber stamps they needed to implement their favorite programs. Changes in corporate governance standards, company scandals in Europe and the U.S., and new challenges to executive authority have altered that attitude.
Shareholders and the public now question what corporate boards should do for their companies and how they should manage their relationships with executive management. Boards can deal with this increased scrutiny either by providing the minimum oversight mandated by the stock exchanges and various regulatory bodies, or by making a more significant contribution to their corporations by exercising their collective experience and expertise. Under the old minimum standard approach, the board oversaw the audit committee and the ethics code, but little else.
ISBN:9780787981808
Author:David A. Nadler, Beverly Behan and Mark Nadler
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