Episode 158 -- Improving Corporate Board Governance

Michael Volkov
Contact
It has been almost one year since the Business Roundtable Restatement of Corporate Purposes to underscore expansion of broad governance and sustainability principles. Yet, one year later, not much has changed. Corporate board governance needs to improve and initiate reforms in response to recurring problems and scandals.

Corporate boards can no longer represent resting places for business executives at the end of their respective careers. See more +

It has been almost one year since the Business Roundtable Restatement of Corporate Purposes to underscore expansion of broad governance and sustainability principles. Yet, one year later, not much has changed. Corporate board governance needs to improve and initiate reforms in response to recurring problems and scandals.

Corporate boards can no longer represent resting places for business executives at the end of their respective careers. Shareholders and other stakeholders have to demand reforms that bring corporate boards up to a modern age where board members: engage management in promoting strategic directions; ensure that compensation issues for senior management are appropriately handled; ensure that board committees are staffed appropriately and carry out assigned responsibilities; and the board conducts a robust self-evaluation process.

In this Episode, Michael Volkov reviews the state of corporate board performance and the need to enact broad reforms. See less -

Embed
Copy

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Michael Volkov, The Volkov Law Group | Attorney Advertising

Written by:

Michael Volkov
Contact
more
less

The Volkov Law Group on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.