Director's Dilemma
Open Chair Role Spurs Tension Among Directors, Shareholders
By Julie Garland McLellan
A shareholder-appointed director debates becoming chair amid tensions over new capital and investment requirements.
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Feature
02/15/2022
Photo Credit: David Moore
December 2021 marked the 20th anniversary of a watershed event in corporate governance: the fall of Enron Corp., in what was then the largest bankruptcy in US history, which spurred the passage of the Sarbanes-Oxley Act of 2002. This landmark anniversary calls for reflection. What has changed in corporate boardrooms since that infamous scandal? And where must boardrooms go in light of the upheaval caused by the COVID-19 pandemic, a renewed focus on stakeholder capitalism, and other business, economic, and social currents and risk trends of the past several years?...
Beverly Behan has worked with nearly 200 boards over the past 25 years as a consultant through Board Advisor, and is the author of Great Companies Deserve Great Boards (2011), Becoming a Boardroom Star (2021), and Board & Director Evaluations: Innovations for 21st Century Governance Committees (2021).
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