Canadian Auditor-General Sheila Fraser and Karl Moore of McGill University discuss the evolution of corporate governance. Hewlett-Packard “whistle-blower” Tom Perkins expands on a point raised by Fraser: is Sarbanes-Oxley swinging the corporate governance pendulum too far into the realm of “box-ticking”?
Former Merrill Lynch CEO O’Neal receives $161.5 million— the fifth largest largest CEO severance package ever paid out in America. In light of Merrill Lynch developments, here on “to what extent accountability for effective oversight of financial strategies and gambits reached beyond the chief executive’s suite and into the boardroom.”
European corporate governance body ECGS is reported as supporting UK Hedge Fund Algebris’ demands for improved corporate governance by insurer Assicurazioni Generali. Malaysia’s corporate governance is cited by World Bank as “impressive”. Corporate governance is regarded as being key to improving Pakistan’s global competitiveness.