From Compliance Governance to Strategic Governance
John C. Wilcox
The year 2010 finds companies and investors at a transformational moment. The financial crisis demonstrated that corporate governance should be more than just a compliance exercise. In the next proxy season, corporate boards will come under increasing pressure to explain how they integrate governance with performance and long-term strategic business goals. With both companies and investors under pressure and looking for redemption, the 2010 annual meeting season will be a shadow referendum on the crisis and an inflection point in the evolution of corporate governance.