AS REGULATORS sift through the wreckage left in the wake of Enron Corp. and other business disasters, they are discovering that many of the problems questionable accounting, ethical lapses and exorbitant payouts to top executives circle back to one spot: the company board of directors.
August 07, 2002 at 12:00 AM
1 minute read
AS REGULATORS sift through the wreckage left in the wake of Enron Corp. and other business disasters, they are discovering that many of the problems – questionable accounting, ethical lapses and exorbitant payouts to top executives – circle back to one spot: the company board of directors.
Critics contend that too many boards have become simply yes-men for management, composed of insiders, paid consultants or golfing buddies of the CEO.
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