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Insights on
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Ralph Ward's
latest book www.thenewboardroomleaders.com Boardroom INSIDER is the online newsletter for better boards and better directors (www.boardroominsider.com). Ralph Ward, publisher, is also author of the books The New Boardroom Leaders, Saving The Corporate Board, Improving Corporate Boards - The Boardroom INSIDER Guidebook, and 21st Century Corporate Board. For a free trial subscription, visit the Boardroom INSIDER info page, or call (989) 833-7615.
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Boardroom INSIDER News ........6/11 WHY CORPORATE BOARDS ARE GETTING SUED NOW The topic of corporate board member liability is heating up again, says the June issue of online governance monthly Boardroom INSIDER. With lingering fallout from the economic slump, investor activism, tough new U.S. government enforcement policies, and the unfolding impact of the Dodd-Frank regulatory overhaul, directors have honest concerns that someone is about to sue them. Yet BI editor and business speaker Ralph Ward writes that director lawsuit jitters “are based as much on perceptions as on actual damages. One factor making liability scarier is uncertainty.” The radical regulatory and governance changes of recent years open unknown venues for litigation. These remain a boardroom wild card “until a light bulb first goes off over the head of a creative prosecutor or shrewd strike suit lawyer.” However, the June issue of BI details several solid new liability threats that corporate directors should watch for:
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