Glowing assessments adorned last annual reports of Wirecard and Carillion before they imploded. Heed this cautionary tale of two boards. Both carried out reviews of their directors’ efficiency and effectiveness, in line with good governance advice. Both noted improvements over the previous year.
A review may help reassure outsiders the board is taking its responsibilities for self-improvement seriously, but it cannot guarantee the directors and their company won’t fail in future. Read more...
