While warranted by past excesses, a narrow focus on compliance in the wake of recent corporate scandals and the Sarbanes-Oxley reforms has distracted the business world from the broader purpose of corporate governance – ensuring a balanced risk/return trade-off for shareholders and other stakeholders. It is high time for corporate boards and managers to return to a wider view of corporate health and sustainability.
Corporate governance generally, and boards specifically, have multi-dimensional responsibilities in steering top management towards the right risk choices. Boards should:
See full Article (paid subscription required).
Posts
