Boards Of Directors Will Remain Under The Microscope
Law360, New York (February 10, 2015, 12:58 PM EST) -- For a number of years, the message for directors of U.S. public companies has been that their decisions face greater and greater scrutiny. While some of this enhanced scrutiny has come from federal and state governments, regulators, the press, and the courts, one of the principal sources has been investors, including activist investors, governance activists such as state and labor pension funds, mutual funds, and other long investors. This trend is part of the paradigm shift from a more deferential, board-centric model of corporate governance for public companies to a more skeptical, shareholder-centric model. Looking to 2015 and beyond, there is every reason to believe that the scrutiny and attendant second-guessing of board action or perceived inaction will continue and intensify....
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