Risk-Taking by Boards and the Financial Crisis
October 7, 2009 by Leo Strine Jr.
Vice Chancellor Leo Strine, Jr. of the Delaware Court of Chancery weighs in on the role that risk-taking by boards played in the financial crisis.
October 7, 2009 by Leo Strine Jr.
Vice Chancellor Leo Strine, Jr. of the Delaware Court of Chancery weighs in on the role that risk-taking by boards played in the financial crisis.
The Case For and Against Staggered Boards
September 22, 2009 by Gregory T. Carrott
By staggering the election of directors, hostile bidders face more than one proxy fight to gain control of the target firm.
September 22, 2009 by Gregory T. Carrott
By staggering the election of directors, hostile bidders face more than one proxy fight to gain control of the target firm.
Getting the House in Order
April 1, 2009 by Neil Baron
Boards must be careful not to undertake the responsibilities of management. Nevertheless, given the well-publicized mistakes made with respect to MBS, boards will want to subject management at financial-services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they first will need to determine whether there is sufficient expertise on the board; if not, they will need to acquire it.
April 1, 2009 by Neil Baron
Boards must be careful not to undertake the responsibilities of management. Nevertheless, given the well-publicized mistakes made with respect to MBS, boards will want to subject management at financial-services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they first will need to determine whether there is sufficient expertise on the board; if not, they will need to acquire it.
A Call to Action
April 1, 2009 by Kenneth Daly
It’s Proxy Season 2009. All sights are set on annual meetings as committee chairs everywhere prepare—anticipating specific shareholder questions about board processes and plans. But beneath all of these details are fundamentals even more important than the hot topics of the day.
April 1, 2009 by Kenneth Daly
It’s Proxy Season 2009. All sights are set on annual meetings as committee chairs everywhere prepare—anticipating specific shareholder questions about board processes and plans. But beneath all of these details are fundamentals even more important than the hot topics of the day.
Getting the House in Order: A “To Do” List for Boards of Financial Services Firms
March 10, 2009 by Joseph McCafferty
Clearly boards must be careful not to undertake the responsibilities of management. Nevertheless, given the mistakes made with respect to MBS, boards will want to subject management at financial services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they will first need to determine whether there is sufficient expertise on the board and if not they will need to acquire it.
March 10, 2009 by Joseph McCafferty
Clearly boards must be careful not to undertake the responsibilities of management. Nevertheless, given the mistakes made with respect to MBS, boards will want to subject management at financial services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they will first need to determine whether there is sufficient expertise on the board and if not they will need to acquire it.
SEC’s Schapiro to OK More Proxy Proposals
February 12, 2009 by Joseph McCafferty
More shareholder proposals are likely to appear on proxies this year, not so much because more will have been filed but because more will have been allowed.
February 12, 2009 by Joseph McCafferty
More shareholder proposals are likely to appear on proxies this year, not so much because more will have been filed but because more will have been allowed.
What Obama Means for Boards
November 18, 2008 by Directorship Editors
Poised as a nation at a point of economic divide, it is vital that directors anticipate and understand the character of this new administration.
November 18, 2008 by Directorship Editors
Poised as a nation at a point of economic divide, it is vital that directors anticipate and understand the character of this new administration.
Silicon Valley Company Boards Improving
December 4, 2007 by Joseph McCafferty
Silicon Valley companies have reshaped their corporate boards in the wake of the landmark Sarbanes-Oxley Act of 2002 and new stock market rules.
December 4, 2007 by Joseph McCafferty
Silicon Valley companies have reshaped their corporate boards in the wake of the landmark Sarbanes-Oxley Act of 2002 and new stock market rules.
Lipton vs. Bebchuk
December 1, 2007 by Aaron Bernstein
Do stockholders own the company? To most board members, and probably most Americans, the idea is so axiomatic that the question hardly seems worth asking. Yet a long-simmering debate on the age-old argument over the board’s responsibilities to shareholders versus the arguably inherent rights of all company stakeholders recently burst out in the open, shedding new light on that central question.
December 1, 2007 by Aaron Bernstein
Do stockholders own the company? To most board members, and probably most Americans, the idea is so axiomatic that the question hardly seems worth asking. Yet a long-simmering debate on the age-old argument over the board’s responsibilities to shareholders versus the arguably inherent rights of all company stakeholders recently burst out in the open, shedding new light on that central question.
Targeting Underperformers
June 1, 2007 by Directorship Editors
To activate boards and engage other directors as peers is part of Breeden's approach.
June 1, 2007 by Directorship Editors
To activate boards and engage other directors as peers is part of Breeden's approach.