The process of turning around a troubled entity is complex. This is made more difficult and compounded by the multiple constituencies involved, all of whom have different agendas. Directors want to avoid risk and litigation. Lenders want a return of their invested capital, preferably with interest. Creditors want
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Aside from continued vilification of bankers, key issues coming out of the World Economic Forum included the question of which country has the capacity to lead us out of the global economic crisis and the palpable but unspoken tension between the U.S. and China. Just days after the conclusion of the 2010 annual economic
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As a frontline corporate director, I’ve seen how the governance workload has increased in recent years. The time, effort and resources demanded of board oversight often outstrip traditional board structures and membership, and we are forcing our governance systems to play catch up. But one coming governance change
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Isn't it time for directors to wrest the negative news agenda portraying them away from the Casandras? Fodder for an intellectual backlash lies not in the pot-boiler best sellers but in a handful of thoughtful books that slip anonymously onto library shelves. No vicarious insights here to corporate shananighans, no
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The SEC continues to hit the reset button on executive compensation and corporate governance. In its latest rule changes, issued in mid-December, the Commission mandated that public companies make more disclosures on a wide range of practices involving management and directors. Among the new disclosure requirements: the
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Editor’s note: The National Association of Corporate Directors’ newly published Blue Ribbon Commission Report on Risk Governance examines the objectives of the board’s risk oversight activities, the link between strategy and risk, and the board’s role concerning risk. The BRC report considers how boards might
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The toughest economic times bring out the best in us – or the worst. They also present an opportune setting for reassessment and renewal – where we can revitalize our governance and business models to enhance corporate performance as our economy transitions from a period of global financial crisis to one of emerging
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