Boards’ Failing Oversight: How Does It Happen?

Judy Phair shares her thoughts on why some boards get it wrong when faced with malfeasance or bad behavior by their CEO. For one, board members “may have vested interests that prompt them to cling to the status quo,” she observes. Her comments appear in an article on board responsibilities in The E&C Pulse, an on-line newsletter by LRN covering ethics and compliance issues.