After an unprecedented year in business, directors striving for better governance in '09 might want to adopt these three proposals
By any standard, 2008 was a jaw-dropper of a year. In the past few months we've witnessed things that seemed improbable just 12 months ago: the failure of Lehman Brothers, the fire sales of Bear Stearns and Merrill Lynch (MER), and the bailouts of AIG (AIG) and the U.S. auto industry. So what lessons can boards of directors take away from this annus horribilis? Here are some suggestions for New Year's resolutions that directors might want to consider:
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