Thomas Malnight - Kees van der Graaf - Inna Francis
Corporate governance today looks very different than it did in the "old boys?" era," when board members were CEO cronies who provided their support with rubber-stamp approvals. Since then, several trends have coalesced that have encouraged the boards of public companies to become more active. But have these Mercenary boards, as we call them, become bureaucratic compliance committees? Have boards and their CEOs become preoccupied with meeting the escalating demands for consistent and predictable short-term performance? Is this focus on the short term serving the interests of financial analysts and short-term traders, who are looking to make a profit from stock price volatility at the expense of long-term owners interested in the ongoing sustainable success of the business?
Â» Read the article