in_the_media

August 30, 2010



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Corporate boards of directors are supposed to ensure that businesses run efficiently and protect share holders. Yet even when stock prices plummet, many corporate boards still rubber stamp the decisions of CEOs. In some cases, say experts, CEOs and insiders at firms often don't share important facts and figures with board members, making oversight difficult for board members. "To a large extent, the agenda put forward by the board is decided on by the insiders of the firm, so what the board gets to see and doesn't get to see is a big question," says Lalitha Naveen, a faculty member in the Finance Department at Temple's Fox School of Business.