Corporate Board articles from May 1996

Corporate Board archives from May 1996

The board's role in corporate strategy. (board of directors)
May 1, 1996... Corporate governance is a hot item these days. Corporate boards are flexing their muscles. Their star is rising, but their role is in flux. One pundit after another views boards as a heretofore under-utilized but absolutely essential link in the...

What do institutional investors really want?
May 1, 1996... One of the central business issues of the 1990s has been the revolution in corporate governance. Nearly everyone who follows this issue in the United States acknowledges shareholder activism has grown over the last two decades and is continuing...

D&O insurers: fair-weather friends? (directors' and officers' insurance)
May 1, 1996... For directors' and officers' insurance policyholders, it is an all too familiar scene. The policyholders, former directors of a corporation, were sued by unsecured creditors of the company for breaches of duty and mismanagement. The creditors...

Audits and illegality under the Litigation Reform Act.
May 1, 1996... The Private Securities Litigation Reform Act of 1995 (the"Act") drew praise in many quarters, from Silicon Valley executives to the Beardstown Ladies Investment Club. Accounting firms were the law's earliest and strongest advocates, however,...

Independent staffs for boards of directors.
May 1, 1996... In modern business, information fuels power. Yet it is one of the oddities of corporate governance in the United States that the board of directors - the body charged with the "business and affairs of every corporation" - is frequently not...