Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Wednesday, March 29, 2006

Committee for Economic Development Issues Governance Report

The Committee for Economic Development has just issued a report containing a number of recommendations to improve corporate governance. The five keys to effective corporate governance are:
  • A vigorous and autonomous audit committee;
  • Recognition of the inherently judgmental aspects of financial information;
  • Providing SOX a chance to work;
  • Having an effective compensation committee that tames executive compensation; and
  • Selection and appraisal of directors by an independent nominating committee.

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