The decision not to run the Savile story, which was subsequently picked up by ITV and sparked a major police investigation, indirectly cost director-general George Entwistle his job after little over 50 days heading the corporation.
The cost? Jacques Diouf, director general of the Food and Agriculture Organization of the United Nations and the host of the meeting, estimated it could run to $30 billion a year.
The Bureau of Investigative Journalism (BIJ) said its own investigation into the events that led to the disastrous broadcast, which ultimately cost BBC Director General George Entwistle his job, had found the organisation itself provided no material for the report into allegations of sexual abuse.
There is no wisdom about CEO term limits that would not apply to directors, but Im not sure the reverse is true; continuity, balanced group dynamics and competencies make boards think twice about the real cost of director term limits.
"This is all great work, but none of it means anything until we can figure out the cost," board director Gail Murray said.
"The reason [public universities have high ROIs] is the lower cost," Lydia Frank, director of editorial and marketing for PayScale, told The Huffington Post.
However, it substantially reduces the costs of director and company searches that would ordinarily be incurred.
Most community choral groups charge their members dues, usually around $150 a year, and solicit donations to pay for operating costs like director's and accompanist's fees, publicity materials, and rental fees for rehearsal and performance spaces.
The new law and the threat of litigation it brings probably have something to do with the out-of-control cost of directors' and officers' liability insurance.
