“Yet few believe that any but deeply involved (and therefore no longer) ‘non-executive’ directors can understand the complexity of today’s corporate money-making moves. Any a ‘how-many-clicks’ map of today’s non-executive directors of the world’s largest, listed companies highlight how small this club really is, and raises doubts as to whether it can support any real challenges to ‘business as usual’. Indeed, given the short-term interests of most investors, today’s dominant fiduciary approach seems unlikely to deliver anything but trouble, including lower financial returns.”
Daqui: Open Economy
