5.5. Best Practices
Some corporations have responded to the increased scrutiny of corporate behavior with increased attention to governance. Fortunately, there are organizations that study and recommend best practices and provide a forum for discussing new policies and procedures and vetting ideas. One organization that I have been privileged to be involved with is the Millstein Center. Its website (millstein.som.yale.edu) contains invaluable information on tried-and-true best practices as well as potential best practices of the future.
The following are ten fundamental areas that Boards should pay attention to as corporate stewards. Some can be called best practices. Others are more leading-edge and subject to debate. Although they may not ...
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