http://blogs.reuters.com/lucy-marcus/2013/01/15/an-insulated-boardroom-is-an-ineffective-boardroom/ Wed, 06 Mar 2013 09:49:44 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/lucy-marcus/2013/01/15/an-insulated-boardroom-is-an-ineffective-boardroom/#comment-433 borisjimbo Thu, 17 Jan 2013 07:16:27 +0000 http://blogs.reuters.com/lucy-marcus/?p=192#comment-433 So is one that's too cozy with its corporate officers. So is one that’s too cozy with its corporate officers.

]]> http://blogs.reuters.com/lucy-marcus/2013/01/15/an-insulated-boardroom-is-an-ineffective-boardroom/#comment-432 QuietThinker Wed, 16 Jan 2013 14:06:52 +0000 http://blogs.reuters.com/lucy-marcus/?p=192#comment-432 The board of directors of banks, like the boards of all other publicly traded institutions, need to remember their first duty is to the shareholders, not protecting management. More active, aware boards should follow naturally. They can earn my trust by putting a halt to management looting companies. Banks in particular should put serious claw back clauses in all management (and all "investment banker" and trader) employment contracts to send a warning signal about future bad behavior. The board of directors of banks, like the boards of all other publicly traded institutions, need to remember their first duty is to the shareholders, not protecting management. More active, aware boards should follow naturally. They can earn my trust by putting a halt to management looting companies. Banks in particular should put serious claw back clauses in all management (and all “investment banker” and trader) employment contracts to send a warning signal about future bad behavior.

]]> http://blogs.reuters.com/lucy-marcus/2013/01/15/an-insulated-boardroom-is-an-ineffective-boardroom/#comment-431 tmc Wed, 16 Jan 2013 10:01:33 +0000 http://blogs.reuters.com/lucy-marcus/?p=192#comment-431 They will not change. They will not go quietly. We must remove them. They will not change. They will not go quietly. We must remove them.

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