Small business news-to-watch, status for ponderance and contemplation. Board of Directors
Excerpt: My principal focus in this inaugural address is on the issue of whether, and how, non-executive directors can avoid further legislation. In other words, how can they take a closer look at their own mores and unwritten rules? The answer lies in the board evaluation. A formal and rigorous evaluation will bring to light whether 1) the highly desired open culture is present, 2) the individual non-executive directors are sufficiently dedicated, 3) the supervisory board and its members do indeed operate sufficiently, independently, and have a critical attitude towards each other and executive directors, and 4) the board is sufficiently diverse to prevent group thinking and tunnel vision.
Read full article and download paper via Learning Mores and Board Evaluations — The Harvard Law School Forum on Corporate Governance and Financial Regulation.