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At a minimum, one would think that other public companies might be more hesitant to keep these failed directors on their boards.
"I find it's a lot of people at the lower levels and you can see these leeches, because a lot of the time they're failed directors themselves.
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"Therefore, it is critical for companies to re-evaluate their position on a wide array of governance issues and practices" in order to "avoid either a failed director election or a high opposition vote that creates credibility and public relations problems at a time when strong corporate leadership is crucial".
"Failed novelist and now failed film director.
The figures showed counter-narcotics efforts had failed, Jean-Luc Lemahieu, director for policy analysis and public affairs at the UNODC, said, but there was hope for success under the new government.
A better way would be to make a rule that if a bank goes belly-up or requires government intervention ("too big to fail") all directors and top management are stripped of all their personal assets, so that they too have to declare bankruptcy.
An assertion that the directors failed to exercise proper oversight requires proof that the directors failed to create an information system or controls or, having an information system, consciously failed to monitor corporate operations.
The Board of Directors With respect to the issues that are the subject of this investigation, the board of directors failed, in our judgment, in its oversight duties.
Foreign filmmakers — including the first female director — and performers were among the marquee nominees, while one of cinema's most influential directors failed to receive a nomination for what is now considered a landmark film.
If directors failed to satisfy their shareholders, it was not for a lack of effort.
It means that the directors failed at one of their most important duties: succession planning.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com