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The way we govern now - Corporate boards.

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From: The Economist (US)
Date: 20030111
Author:

Melmotte may not have it so easy now

Unchanged for too long, boardrooms are at last being shaken up

IN ANTHONY TROLLOPE'S novel of 1875, "The Way We Live Now", the board of the fraudster Augustus Melmotte's Great South Central Pacific and Mexican Railway Company would never sit for more than half an hour. "Melmotte himself would speak a few slow words...always indicative of triumph, and then everybody would agree to everything, somebody would sign something, and the board...would be over." The cases of Enron, WorldCom, Marconi and other recent debacles suggest that ...

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