Corporate Board articles from July 1998

Corporate Board archives from July 1998

The SEC looks at governance.
July 1, 1998... Just think of how far our nation has come over the past decade. In 1988, our markets were struggling to recover from the sudden break of the previous October. Now, our markets are setting all-time records. In 1988, pundits were warning that...

Warren Buffet on the role of the board. (Berkshire Hathaway CEO)
July 1, 1998... Experienced readers of Warren Buffett's letters to the shareholders of Berkshire Hathaway Inc. have gained an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. On...

The "Street Fight" over board-management polity.
July 1, 1998... We take as an article of faith that the job of the director, to quote one prominent board member, is "to hire the CEO and represent the shareholders." However, we also believe that this point is less definitive than meets the eye, and that we...

Selective disclosure: why it matters.
July 1, 1998... Rational Software has nearly quadrupled revenues over the last three years. Yet, a well-informed investor would be hesitant to give this high-tech outfit a second thought, much less part of her family's nest egg. The reason: Rational's management...

Technology boards: a strategic edge.
July 1, 1998... When transitions in business reshape the needs of a fast-growing technology company, top management quickly recruits the necessary executive talent to continue its success. Many of these firms view their board in the same way, adding specific...