March 31 2009

It’s always interesting to read about corporate governance issues from the perspective of someone who doesn’t live the stuff day-in and day-out: in Saturday’s Globe & Mail, Christie Blatchford on the corporate culture of entitlement. On the growing push for CEO/Chair splits in the US. On how bailouts have affected governance of companies such as GM, whose CEO was just ousted. More here: “We now know that the “old-fashioned” governance construct of directors appointing management, and shareholders electing directors, is out-the-window if a company accepts federal funds.” Manulife’s payout to departing CEO “a misreading of the zeitgeist”. Jim Shaw of Shaw Communications profiled, providing a good look into a family-run company. And Livent execs found guilty— after ten years.

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