M. Steinberg Richard

Having developed a tradition at Compliance Week of writing a year-end column, I’m once again presenting my wish list for corporate boards of directors. The objective here is not to dream of improbable possibilities, but rather to help directors and others working with corporate boards consider where and how they can improve board performance in […]

As the United States and the world sort through the credit crisis, and the financial markets continue to gyrate and governments craft and recraft programs in an attempt to avert disaster, one wonders what went so very wrong with those much-touted risk management systems of major financial institutions. Weren’t the big guys with the highly […]

We know that the regulatory structure of our financial system is about to change. When I originally wrote this column earlier in the month, Congress was struggling to approve some sort of “rescue” package, with both the House and Senate reworking the first $700 billion plan that didn’t pass muster. Now we have a rescue […]

Having worked with many boards of directors, it’s clear that most directors now understand what Sarbanes-Oxley is all about. They’ve spent the last few years dealing with many of its provisions, with audit committees spending significant time on Section 404’s internal control requirements. Some initially lost sight of other important responsibilities, although generally boards have […]