Boards of directors and business leadersmust undertake six essential tasks argues, Ben W. Heineman Jr.
The business community faces a crisis in confidence both in its own ranks and in broader society. Many are asking: How can corporations govern themselves more effectively—and truly be held accountable?
One answer is increased public regulation. The origins of the Great Recession include bad business decision-making caused in no small part by excessive and poorly structured corporate compensation. Not surprisingly, there are now energetic public policy debates about the governance both of the financial sector (with a variety of measures being considered to ensure safety and soundness) and of all publicly held corporations (with focus on an enhanced shareholder role and mandated compensation and risk processes).
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