Why not call it the "Bernie Ebbers Memorial Group Therapy"?
Not a trace of my sarcasm can be found in Rees Morrison's professional post recommending a recent survey by PLC Law Department (hat-tipping Adam Frederickson) on managing risk and compliance, based mostly on European companies. Apparently the survey found that:
- 82.5 percent of the respondent general counsel provide the principal advice to the board on corporate governance issues.
- 36 percent said that their board of directors did not have a good understanding of corporate governance issues.
- 31.6 percent said that getting board and senior management support for compliance programs was either extremely difficult or very difficult.
Astonishing. No one's asking, but I cannot imagine serving on a board without my own personal advocate sitting behind me, at this point. Perhaps a few PowerPoint slides featuring mug shots from across the pond would help drive the point home?
Posted by Laurel Newby on July 25, 2005 at 02:46 PM | Permalink
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