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Carly Fiorina: It’s Time to Look at the Board
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Candidate
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Contributor | RP |
Last Edited | RP Jul 16, 2012 02:53pm |
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Category | Opinion |
Author | Carly Fiorina |
News Date | Monday, July 16, 2012 02:25:00 PM UTC0:0 |
Description | Public excoration of a CEO, clawback of bonuses, dismissal, or even jail-time for senior executives are all appropriate reactions. But they are not enough. We must finally draw the curtain on what remains one of the least transparent and accountable institutions in the world today — the board of directors. While Sarbanes-Oxley increased the liabilities board members' may face, board members are rarely held accountable for a company's failures and most shareholders know very little about how a board room actually operates.
Fundamentally, boards must become transparent about how they govern and shareholders must hold them accountable for their governance. Given the impact a boards' decision-making has on customers, employees, communities and shareholders, it is time to shine a bright light on what goes on in the board room |
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