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November 4, 2005

The way of Board Governance?!?

This article in Businessweek by Peter Burrows, talk about how HP is now going to require that Board members to win a majority of shareholder votes. It is interesting almost 'HP way' approach to looking after shareholder interests. However, the board can refuse the resignation. In this post-Enron, Sarbanes-Oxley world it is nice to see this gesture.

It is not quite an earth-shattering move, but it does suggest that there are some leadership moves that are occurring and maybe this will catch to other organizations.

I do not think that this absolves HP of the Compaq merger, but it is at least a start.


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Posted by mlwhall at November 4, 2005 2:28 AM

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