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NYTimes: The Quiet Force Imperiling Our Booming Stock Market
NYTimes: The Quiet Force Imperiling Our Booming Stock Market
Studies looking at the entire corpus of research on the topic have repeatedly found there is no detectable connection between the number of independent directors and corporate performance. In fact, since America began installing independent directors on boards, the list of corporate scandals has only swelled — for example, Enron, Wells Fargo and the companies behind the 2008 financial crisis. These companies had one thing in common: boards full of independent directors who didn’t know what was happening in the company except what management told them.
·nytimes.com·
NYTimes: The Quiet Force Imperiling Our Booming Stock Market