rules of civility that discouraged directors from asking managers tough or
embarrassing questions are eroding. At the same time, board members are being
forced to devote more time and energy to many of their most important duties:
setting CEO compensation, overseeing the auditing of financial statements, and,
when needed, investigating crises. Thats the good news. The bad news is they
are so busy delving into the minutiae of compliance that they dont have nearly
as much time to advise corporate chieftains on strategy. Many board candidates
no longer find the job attractive.
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