Debate over the role of company boards
invariably intensifies when things go
wrong on a grand scale, as has
happened in recent years. Many of the
companies whose corpses litter the
industrial and financial landscape were
undermined by negligent, overoptimistic,
or ill-informed boards prior to the
financial crisis and the ensuing deep
recession. Not surprisingly, there’s been
a renewed focus on improved corporate
governance: better structures, more