Charles Elson
Charles Elson
anyone asking failure led pick system
When you see something like this, it begs asking what failure in their system led to this. Why didn't anyone pick it up?
move smarter
I think it's a smarter move on his part.
awful restoring
That would go an awful long way to restoring confidence,
company confidence directors fact good might pay
The fact that directors might go without pay is meaningful. It shows, on the part of the directors, confidence that the company has a good future.
happen information legally liability stock trading
Trading on stock on nonpublic information is legally problematic for the SEC, absolutely. But to get to liability is a pretty long road. It doesn't happen very easily.
board seeing
We're seeing board salaries going up all over the place.
agree creates defend explain forces greater management minds pressure whether
When they pressure management to defend itself, it creates greater accountability. It forces management to explain its reasoning. The other shareholders can make up their minds whether they agree or disagree. Let the shareholders decide.
corporate discourage governance greater happy ignore levels negative nor opinion oversight seek view
I do not view this as a negative opinion from a corporate governance standpoint. It should not make those who ignore their responsibilities happy nor should it discourage those who seek greater levels of oversight of directors,
board bright company engaged figure financial small sort
He's a very bright guy. He'll figure his way out of this. The financial world is a very small place. When you're on the board of a company engaged in financial transactions, this sort of thing may happen.
considered savvy talented tough
He's considered savvy and bright. He's a very talented investor. He'll be a tough one to replace.
board matter meeting next slice thick time
He has a potentially conflicting fiduciary duty. There may be a way around it, but no matter how thick you slice it, it's still baloney. The next Time Warner board meeting will be interesting.
adopt believe campaign corporate disney fact given governance leader practices though view
Given the fact that the 'withhold' campaign at Disney is what started this whole brouhaha, I think it's appropriate that Disney adopt this standard, ... I don't believe this makes them a leader in corporate governance practices though I view it as a positive.
commit helping stick taking unless
Frankly, once you commit to a job, you should stick with it unless you have an extraordinary reason. You can dissent, but you are not helping by taking yourself out of the equation.
carries failure serious threat
Failure to be independent and failure to be circumspect carries a serious threat of liability.