Enhanced Corporate Governance Requires Proactive Strategy

Law360 (October 22, 2019, 3:24 PM EDT) -- Good corporate governance requires that boards and senior management of all organizations (including public, private and not-for-profit organizations) be kept fully informed of all material enterprise risks.[1] Unfortunately, recent financial disasters and scandals at major organizations indicate that this is not uniformly true.

In fact, boards of directors, trustees and senior management of the organizations mentioned in this article have received very unpleasant and embarrassing business surprises, even though the underlying risks were known by others in the organization. [2]

The following is a partial list of financial disasters that happened since the year 2000, demonstrating how even the most diligent...

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