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directors
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Latest Headlines
Creating a board risk committee
The idea of a board risk committee has gained currency as of late. In the banking industry, such a committee may soon be required. While quite a few companies have moved to set up such committees,...
Jon Corzine: The hazards of a celebrity CEO
Bloomberg offers an arresting story about just how powerful a presence Jon Corzine was at MF Global.
From the start, Corzine was accorded rock star status, which he apparently abused gratuitously in order to keep boosting the company's bets on European sovereign debt. The article stated th
Incident highlights lax board security
Corporate boards are increasingly being asked to play a greater role when it comes to risk management, even at the IT level. But the degree to which board information itself is secure has been
Big corporate boards getting less diverse
It's no secret that corporate boards aren't exactly bright, shiny reflections of the American population. Diversity has long been an issue, and was raised anew by a recent Huffington Post article. It
Dodd-Frank director changes about to hit
One of the Dodd Frank rules set to take effect in July involves the independence of compensation committee members and their consultants. The SEC, per the law, has come forward with a proposal that
Executive transitions can be tricky for boards
Boards are intimately involved when it comes time to transition CEOs, the most prepared boards have detailed plans in hand. But recent activity in the banking industry suggests that boards perhaps
Big bank boards still deficient
Big bank boards of directors have been roundly criticized since the onset of the financial crisis. Some boards, like Bank of America and Citigroup boards, have taken steps to bring in a different set of directors, injecting some fresh thinking into key committees. That's commendable. But not every
Director at top banks is one tough job
Several top banks have sought to remake their boards in the wake of the financial crisis, and there's lots of opinion about how successful that has been. One goal of course has been to bring on more
Should boards add more operational experience?
From a corporate governance perspective, it's unclear what works best in terms of board composition. The conventional wisdom is that independent directors should predominate, especially on audit and
Managing M&A risk is tricky for boards
As mergers and acquisitions heat up--we're already seeing this in a huge way with the NYSE Euronext-Deutsche Bourse deal--boards will have to tune back in to the risks that merger activity
