This primer offers useful, if sometimes equivocal, ideas about getting back to good-governance basics
Editor's Rating: star rating
The Good: A useful guide to more productive corporate boards
The Bad: The volume is dry—and the author sometimes hedges his judgments
The Bottom Line: A useful volume for board members young and old, notably in the nonprofit sector
In a new rite of spring, each proxy season seems to bring with it a fresh spate of corporate governance outrages. Last year, it was options backdating. This year, outsize pay packages have taken the spotlight. The latest egregious spectacle: At Washington Mutual (WM), chairman and CEO Kerry Killinger tried unsuccessfully to exclude mortgage-related losses from 2008 bonus calculations. Of course, those same mortgage-related losses have contributed to Washington Mutual's 70% stock price decline since last summer and now threaten its future as an independent entity.
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