January 18, 2008
The fact that Merrill’s risk committee did not function shows that this company was governed by a board that failed utterly in its duty to investors. The magnitude of the losses was staggering on its own: nearly $10 billion for the final quarter of 2007. That was on top of the $2.3 billion loss for [...]
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November 1, 2007
The corporate governance blog of Harvard Law School is running another guest column by me, this time on the Countrywide Financial meltdown. I introduce some issues about the company’s decidedly subprime corporate governance and CEO compensation practices which have not been raised anywhere before, except at Finlay ON Governance, as our consistently astute readers already [...]
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