Great article regarding boards of directors -
http://www.usatoday.com/money/perfi/columnist/krantz/2010-09-07-boards-of-directors_N.htm
The article points out that boards are in general clueless, but not criminal when it comes to corporate fraud. My experience would indicate that this is pretty spot on. Now, I am not saying that a board shouldn't be more involved given the trust the public puts in them, but it's not a full time job and in most cases, a corporation is looking for leadership advice, not fraud detection. What do you think?
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