New York Times: “Little Accountability for Directors, Despite Poor Performance”
. . . The study, co-authored by Andrew Lund of Pace University School of Law and Robert Schonlau of Brigham Young University‘s Marriott School of Management, analyzed director turnover at financial institutions in the Standard & Poor’s 1,500-stock index from 2006 to 2010. The idea is that the financial crisis was particularly salient — and if anything would ever push directors to act, it was likely the financial crisis.
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