Some Thoughts for Boards of Directors in 2008

July 2007
Venulex Legal Summaries;2007 Q3, p1
The article highlights various corporate governance issues facing boards of directors in the U.S. following the implementation of the Sarbanes-Oxley Act of 2002. According to the author, the key challenge for the directors is the responsibility of promoting long-term value for stockholders amidst the strong pressures to realize short-term stock-market gains. It mentions that such pressures have transformed the role of the boards from guiding strategy and advising management to ensuring compliance and performing due diligence.


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