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
Labels:
Behavorial Finance,
corporate governance
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