Tuesday, December 9, 2008

Holding CEOs Accountable - WSJ.com

Jonathan Macey has a great piece in the WSJ on the problems with many boards.Holding CEOs Accountable - WSJ.com: "As board tenure lengthens, it becomes increasingly less likely that boards will remain independent of the managers they are charged with monitoring. The capture problem is exacerbated by the incentives of managers to develop close personal ties with directors."Sounds a lot like

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