board of directors

Despite evidence supporting boardroom diversity as a driver of corporate performance, “the percentage of women directors on U.S. boards stagnated some years ago and remains at or near 12 percent, with fewer than 10 percent of boards having three or more women,” says Hillary A. Sale, JD, the Walter D. Coles professor of law at Washington University School of Law. “The pressure to add women directors is, however, growing.”  Sale discusses options to grow board diversity.

When the Conrad Black trial gets under way in March, the argument will be similar to the case against Tyco’s Dennis Kozlowski rather than the cases against Ken Lay or Bernard Ebbers, says Samuel W. Buell, J.D., associate professor of law at Washington University in St. Louis. “This is a case about whether an executive looted his own company, not whether he committed accounting fraud,” says Buell, a former Enron prosecutor. “In a looting case, the battle is often over the testimony and credibility of the members of the board of directors.” More…

A conference for board directors of public and private companies will be held June 25-26 at Washington University’s John M. Olin School of Business in the school’s Charles F. Knight Executive Education Center. The board of directors’ conference, “Strategies and Techniques for Improving Board Performance,” will focus on corporate governance issues.