Boards should focus on maximizing long-term strategies

This article orginally appeared in the National Post.

Summary:

Most thoughtful participants in today's evolving corporate governance process would agree that the rapid proliferation of regulatory requirements, zealous enforcement initiatives and the cottage industry that has grown up around them may well retard actual performance. Rather than address the emperor's clothes phenomenon, such heightened regulatory attention to corporate governance has driven many further away from substantive improvements...

Paradigm flaw: Operational oversight detracts from issues on which directors can add value (550.72 kB)