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News & Updates

December 8, 2008
US companies launch ethical standards push


Source: Financial Times - UK

Some of the largest companies in the US, including General Electric, Wal-Mart and PepsiCo, were expected on Monday to launch a drive to improve ethical standards in business in an attempt to stem the decline in corporate...

December 8, 2008
Auto Industry Collapse Is Not an Option, Obama Says

Source: The Wall Street Journal

President-elect Barack Obama suggested that bankruptcy wasn't a good option for Detroit's Big Three automakers, saying "these aren't ordinary times" given the country's current economic problems. "The Big Three automakers have...

December 8, 2008
Senate returns to auto bailout talks


Source: Reuters

The U.S. Senate was due to reconvene on Monday as White House and Democratic congressional negotiators sought to draft legislation to bailout the U.S. auto industry and stem a deepening of the U.S. recession.

December 6, 2008
Dems, White House Agree To Auto Bailout


Source: CBS News

After weeks of tense discussions with the heads of the U.S. auto industry, Democratic Congressional leaders have reached an agreement that may just clear the way for the Big Three to get the money they need to survive ... for now.

December 5, 2008
Weakening Global Economy and Growing Financial Pressures are Increasing


Source: The Conference Board

Although CEOs worldwide are still very concerned about executing their corporate strategy, concerns about finances, risk management and confidence in the business community are growing in importance to them, reflecting today’s...

December 5, 2008
Big Bonuses for CEOs? Not So Fast

Source: Business Week

After shareholders' dismal 2008, corporate boards are being watched closely while they decide whether to dole out traditionally huge bonuses

December 5, 2008
Since Enron, Little Has Changed

Source: The Wall Street Journal

As Warren Buffett has said, "Executive compensation is the acid test of corporate governance." Financial incentives determine what objectives an organization pursues, and they drive the way managers conduct a business.

 

 

December 5, 2008
Carmakers, senators discuss aid conditions


Source: Detroit Free Press

Key senators told Detroit automakers today they were willing to consider granting a portion of the $34 billion they were seeking for survival in return for strict conditions and proof by March 31 on progress in reworking the...

December 5, 2008
The Conference Board Governance Center Issues Recommendations To Corporate Boards on Overseeing Risk Management and Executive Compensation -- Suggests Better Risk Oversight and Stronger Links Between Pay and Performance


Source: The Conference Board Governance Center

The Conference Board Governance Center issued today the first in its new series of reports on the oversight role of the board of directors in the current economic crisis.

December 4, 2008
IT security risks dismissed by boards, survey finds

Source: Search Security.com

A report released this week by Carnegie Mellon University's CyLab, illustrates the wide gap between boards of directors and those responsible for information security in the enterprise, in particular where board members who still...

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