In Thursday’s The Wall Street Journal several major corporate players posted a full-page ad titled “Commonsense Corporate Governance Principles.” There was an accompanying article, “Corporate Leaders Back Best Practices,” The Wall Street Journal, July 21, 2016 B3.
I was struck. While there was a lot of language about independence and trust and leadership and transparency, the words “duty” and “compliance” were not mentioned.
Curious. Principles without a mention of duty. One wonders why we have problems with corporate governance.