Morgenson on Board Oversight

New York Times columnist Gretchen Morgenson spoke at the Rotman Business School and met with some resistance when she accused North American corporate boards of being something less than responsible in their oversight of executive compensation. Morgenson can't understand why boards are so resistant to allowing shareholders to vote their proxies for alternative compensation arrangements.

Frankly, boards should support such "owner" activism since the impact of negative public attention on excessive compensation in conjunction with poor performance serves only to undermine a company's market reputation.     

Waiting for Quieter Nights

Retrenchment or Deception?