Corporate Governance
Good corporate governance - pointing out corporate directors who should and shouldn't be elected anywhere. This is my attempt to keep track of good people for board of directors and keep track of people who should be avoided.Saturday, April 12, 2008
Intercontinental Exchange .... that board leadership is scary
Frederic Salerno, one of the distinguished members of Bear Stearns's risk committee, is the head of the audit committee and the lead outside director.
Vincent Tese, also on that same distinguished Bear Stearns's risk committee, is the head of the compensation committee.
Well, that looks a little frightening.
Let's read the purpose of the Bear Stearns Finance and Risk Committee:
The purpose of the Finance and Risk Committee is to assist the Board in its oversight of the Corporation's: credit, market and operational risk management; funding, liquidity and liquidity risk management policies, balance sheet and capital management, and insurance programs and related risk issues and mitigation.
Vincent Tese, also on that same distinguished Bear Stearns's risk committee, is the head of the compensation committee.
Well, that looks a little frightening.
Let's read the purpose of the Bear Stearns Finance and Risk Committee:
The purpose of the Finance and Risk Committee is to assist the Board in its oversight of the Corporation's: credit, market and operational risk management; funding, liquidity and liquidity risk management policies, balance sheet and capital management, and insurance programs and related risk issues and mitigation.
posted by Larry Diamond # 12:19 PM 
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