Five Super-Effective Boards of Directors

Canadian boards have learned some tough lessons in recent years about the importance of being earnest. From widely publicized scandals to national Board of Director rankings, new expectations about corporate governance are sweeping across Canada and the rest of the world. And the price for not living up to the new Commandments – which include independence, transparency and disclosure – can be dear.

When corporate scandals erupt, the only thing that sinks faster than stock prices is a company’s reputation among investors, as was the case with the telecommunications giant Nortel. And as investors express their outrage through hefty class action lawsuits, they look to the Board for answers.

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