When a chairman's duty's to be done, a chairman's lot is not always a happy one
Ploughing through various texts on corporate governance brings to mind US journalist Michael Herr's impression of Gen William Westmoreland in a 1960s interview: "I came away feeling as though I'd just had a conversation with a man who touches a chair and says, This is a chair', and points to a desk and says, This is a desk'."
The governance stuff all seems like so much common sense. Of course we accept that directors of companies are duty-bound to act in good faith, with due care, skill and diligence. Is there not a risk that the blindingly obvious is masquerading as the profound? Remember how Peter Sellers' simpleton character in the movie Being There impresses the US president with his little sayings: "In a garden, all will be well - as long as the roots are not severed." Well, yes.
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