1. Shaking Up Boards Would Help Keep Corporations Honest

    Shaking Up Boards Would Help Keep Corporations Honest

    The scandal surrounding the opening of fake accounts at Wells Fargo illustrates a deeper dysfunction in the governance of U.S. companies: Corporate boards are failing at their job of overseeing management. If regulators can't address the problem, shareholders can and should. Despite years of evidence that a policy coming from the very top was driving illegal and abusive practices at Wells Fargo, the bank's directors were notable mainly in their passivity ...

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