Personal Reflections on the State of the Board: What's right and what's wrong with the current system of corporate oversight: Interviews with Reginald Jones, Walter Wriston, and Victor Palmieri
Kristies, James
2007
The next generation
D&B: Where do boards go from here? Will it take a new generation of board members coning up to change this culture you talk about? | |
Palmieri: It's just as likely that boards will regress than it is that they will progress. After all, much of what happened in the 1960s and '70s to spark reform in the corporate boardroom was a function of aggressive moves by the Securities and Exchange Commission, and the SEC stimulated in turn by a number of major corporate failures. Now that we've had a sustained recovery, if not a boom, and the memory of major corporate failures is fading, one can expect that all the old rules of the club will spring back to life. I think we're probably seeing that happening. | |
D&B: So that means there will be no lack of opportunities for yourself and your company? | |
Palmieri: Well, I hesitate to say I hope so. | |
