Are Corporate Boards Doing Their Job?
Corporate boards are supposed to monitor and not manage. That adage raises several important questions including considering the scope and seriousness of legal and ethical violations, often generating massive scandals, how well are corporate boards fulfilling their monitoring function?
Professor John Holcomb of the Daniels College of Business offers some important perspectives on this question in the soon to be published paper Corporate Governance: Ethics and Legal Compliance, Risk Management, and Political Activities.
In the process, Professor Holcomb takes on a number of other current challenges for corporate boards such as the relationship between legal compliance and business ethics, governance for the long term versus the short term, legal liability and risk management”, the corporation’s role in political activities, and a number of other hot potatoes.
to read Professor Holcomb’s paper.