| Boardroom Insider | |
| Keywords : corporate, board, boardroom, directors, governance, boards, trustees, business, speaker | |
| H1 tags : BI for DECEMBER... | |
| H2 tags : In the U.S., megafund MF Global collapses under trading losses from CEO Jon Corzine. In Japan, tech leader Olympus suffers a massive scandal and takes a $1.6 billion loss after several decades of shady accounting. ; What do the two have in common? Aside from the word “loss,” both had boards of directors who were compliant, conflicted -- and “unwilling to ask hard questions.” ; That’s the comment of publisher/commentator Ralph Ward in the December issue of his online governance newsletter Boardroom INSIDER. “Before any fiduciary or legal responsibility, directors have a basic, simple duty -- to ask the right questions at the right time.” ; Ward notes that, if a director at MF Global had asked Corzine to defend why the fund should take dangerous trading risks in the Eurozone, and demanded a good answer “all the board members would no doubt have felt very uncomfortable -- but not as uncomfortable as they are now.”; Also in the December Boardroom INSIDER:; The SEC teaches boards a few lessons on fraud spotting.; How one board administration pro gets the job done.; Q&A: How do we keep committee work from getting lost in the shuffle? ; Boardroom Q&A is now available as an e-book for $7.99. Order it today from Amazon.com.; Boardroom INSIDER is the monthly online newsletter for better boards and better directors. Learm more at the:; Ralph D. Ward is an internationally-recognized writer and commentator on the role of boards of directors, the secrets of how benchmark boards excel, corporate scandals and reforms, and the future of governance worldwide. |
| Last Update : | 20/December/2011 |
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