OIt’s like night and day,” says Bill Ide, a partner at McKenna Long & Aldridge, comparing current board committee procedures with his earlier experience as general counsel and corporate secretary of Monsanto.
“We’re in an era of process- and rules-based operation,” notes Ide, who also chairs the governance and nominating committee of restaurant operator AFC Enterprises, and sits on its audit committee. “Congress and the SEC are trying to change the culture.”
