Corporate Board articles from July 1999

Corporate Board archives from July 1999

Audit committees: the rising expectations.
July 1, 1999... In recent years, many corporate board audit committees have come under attack for failing to prevent fraud and other problems. For example, a 1998 article in The Wall Street Journal stated that "Too many audit committees are turning out to be...

Maximizing return on your information technology investment.
July 1, 1999... Imagine waking up one morning, heading into the office, and discovering that a system error had reared its ugly head in your company's records. Imagine that this error is so large that it knocks your quarterly earnings estimate down from 44...

Making board diversity work.
July 1, 1999... Recently, I was invited to join a corporate board, and knew that I was selected solely for my ability to contribute. The board already included a woman and an African-American, so my presence was not intended to create diversity. Instead, I was...

Senior executive employment contracts.
July 1, 1999... Executive compensation consultants are often retained by companies to comment on the reasonableness and competitiveness of proposed employment contracts for their most senior officers. Generally, clients want to know two things. First, what...

Corporate governance and the SEC.(Securities and Exchange Commission)
July 1, 1999... The basic structure of corporate governance in the United States is determined, and has been since the inception of the Republic, by state law. State corporate laws provide something of a bare bones framework for corporate governance. They give...