Large U.S. companies are making strides in corporate-governance practices, from creating stronger independent boards to linking more executives' pay packages to their companies' performance, according to a survey out Monday.
The survey of 100 CEOs by the Business Roundtable, a group of CEOs whose companies boast $4 trillion in revenue, suggests that leading corporations are taking their watchdog roles more seriously in the wake of Enron and other corporate scandals.
"This shows dramatic change, and it's all motivated by the desire for good corporate governance," said Steve Odland, CEO of Office Depot and corporate-governance chair of the Business Roundtable.
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