TITLE

A new kind of captured board

AUTHOR(S)
MULÉ, ANN C.; ELSON, CHARLES M.
PUB. DATE
March 2014
SOURCE
Directors & Boards;2014 First Quarter, Vol. 38 Issue 2, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the author's insights on the management knowledge-captured board. The authors' say that good-governance advocates have sought to destroy the management-captured board by emphasizing the vitality of board independence. They state that the independent board members may be de facto deferring to the chief executive officer (CEO). They add that good governance has long recognized the vitality of director independence, directory equity ownership, and responsive election process. INSET: Highlights from the Hess case.
ACCESSION #
94617547

 

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