Summary
However, more recent government actions involving Computer Associates, Boeing, Time Warner, Qwest, Fannie Mae, AIG and many mutual fund complexes, while not all involving the same types of accounting fraud, show that major companies are still experidicing regulatory and law enforcement problems that can be exceedingly costly. To my mind, good governance, such as superior levels of transparency, meaningful board oversight and real accountability for both performance and integrity, translates very directly into a lower risk of a major fraud or adverse government action.
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Q&Amp;A: Getting a Grip On Ceo Pay Levels
A Conversation With Richard Breeden
It may be the Next Big Thing in corporate governance.Richard C. Breeden, chairman of the U.S. Securities and Exchange Commission from 1989 to 1991, says boards have made more progress in financial reporting than they have in chief executive compensation. Breeden has been involved in some of the biggest governance hotspots. From 2002...See the full content of this document
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