Gold's 8 rules for board accountability

In a recent speech to the Society of American Business Editors and Writers, Stanley P. Gold of Shamrock Holdings, Inc. provided this agenda for corporate governance reform: Directors must remember that their first duty is to speak for the owners of the enterprise - the shareholders, and that the CEO works for them, as the owners' representatives, not the other way round. Despite encouraging steps in this direction there is still a long way to go to democratize boardrooms...but we must be sure we are going in the right direction.

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