Independent Directorship: Is It Worth The Risk?
Never has the need within corporate America been as great as it is now for the sage guidance, objective perspective, and ethical leadership of independent directors. Unfortunately, the need comes at a time when the risk of acting in that role has never been greater. While the article does not dwell in depth on each factor that has contributed to this high-risk period for directors, it is important to understand the major factors, and the magnitude of the risk that they have created. One should consider that the facts of life presented in the article in present-day corporate America: bankruptcies are at a 50-year high and litigation against boards and the individuals serving on them continues its upward trend.