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Another way to increase the diversity and quality of corporate governance would be to outlaw the practice of interlocking boards, where the same people serve as
by vannevar 8y ago
Another way to increase the diversity and quality of corporate governance would be to outlaw the practice of interlocking boards, where the same people serve as directors on multiple boards. Besides increasing the chances of illegal collusion and insider trading, this practice promotes groupthink, tends to concentrate wealth, and discourages diversity.
- vannevar 8y agoWould the downvote care to share an opinion? It improves discussion when there are two sides.
- joelhoffman 8y agoI didn't downvote you, but I didn't understand your proposal. Are you suggesting prohibiting anyone from serving on more than one board, or from joining a board that already contains someone who is also on a board they're already on?
- vannevar 8y agoThe former. One person can serve on one board only. Perhaps an exception to serve on nonprofit boards.