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Article: The best & worst boards of 2002: let there be light; good governance? Gurus are searching for answers, but they are sure those companies that go beyond the letter of the law will be the first to win back investors. (Governance).
- Article from:
- Chief Executive (U.S.)
- Article date:
- October 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Try asking corporate governance experts to name a best board these days and you'll find these formerly loquacious gurus have clammed up.
"Not a chance," responds Elizabeth Saunders, chairman and co-founder of investor relations firm Ashton & Partners, when asked to select a best board. "The minute I do, they'll be investigated by the SEC."
"We like you, at the moment are gun-shy," reports Bill Patterson, director of the office of investment for the AFL-CIO, who says the organization has had to rethink its method of evaluating boards.
"Best board? I would pick Enron's--next year," quips Sandy Smith, corporate attorney with Morris Manning & ...