Corporate Ethics and Compliance - Board Responsibilities

 
 
 
 
 
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by DrSmith

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I recently finished a turnaround engagement. One of the major problems was the attitude of the CEO towards the details of the financial statements - could not be bothered. He resisted the Board’s pressure to pay attention and responded aggressively when challenged that he was not meeting his responsibilities to the company and shareholders.

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10/23/2008

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