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Riggs is mired in several federal money laundering investigations involving its accounts, and analysts say that banking regulators will hold directors accountable for how effectively they monitored Riggs's anti-money-laundering practices.
From chief executive officer sign-offs to options accounting, new rules are being implemented to hold executives or directors accountable for lapses in their fiduciary duty.
It has yet to find a way to hold directors accountable for their bad decisions.
In Taro's case, the provision is being used to hold directors accountable.
They also suggested that regulators "strengthen" a measure that would hold executives and directors accountable for compliance with the law.
Shareholders elsewhere ought to follow his lead in holding managers and directors accountable, especially on issues like excessive executive compensation.
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How can shareholders in American companies make directors more accountable?
The idea was to hold boards and directors more accountable, something that many feel is lacking.
Investors now have an opportunity to hold the $41 billion technology conglomerate's directors more accountable.
A goal of Mr. Lutin's forum is to help investors find tools to make directors more accountable.
Nor are there widespread expectations of a rollback in recent legislation to hold executives and directors more accountable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com