Bill Mower Quoted in Wall Street Journal Article on Risk-Taking CEOs and Corporate Governance
March 15, 2012
Bill, who advises boards about corporate governance, warns "The Micron tragedy should be a wake-up call for boards," adding that many boards will now discuss whether the boss's hobby "is something the directors should be worried about."
The writer notes that it is a "tricky issue" as the thrill-seeking traits are often the same characteristics that create "daring corporate leaders," and reports that boards aren't required to tell shareholders about a CEO's questionable hobbies.
In response to this, Bill advises that boards "should consider tucking a CEO's highly dangerous recreational behavior into their risk-factor disclosures." The article continues with profiles of many other adventuresome executives and the various approaches taken by their boards to control the risk.
Bill Mower counsels numerous public companies in connection with their securities law compliance and general corporate matters and has represented issuers and underwriters in connection with many public and private securities offerings, secondary offerings and alternative offerings.
To read the full article, go to: Wall Street Journal: Executive No-Fly Zone