You've heard of the regulations, lawsuits, prison terms and massive accounting and legal bills the scandals of corporate America spawned. Add another development to the list: the appointment of lead directors on company boards.
Forty of the 100 largest companies listed on the New York Stock Exchange and 26 of the top 100 on the Nasdaq now have a lead director, a board member who assumes some of the functions of the board's chairman, according to Frederic W. Cook & Co., a compensation consulting company
See full Article.
Posts
