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It was a desperate time for the employees of construction companies because a lot of those individuals that were holding director positions were now doing labouring jobs to pay the mortgage.
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Continuing Delaware's preference against holding directors personally liable, Chancellor Strine dismissed the special committee directors from the case.
"As long term investors, we believe in the importance of holding directors to account," said Standard Life's Jonathan Cobb.
Mr. Giddens raised the notion of holding directors and senior officers of the company liable for ensuring that proper controls are in place to keep client money safeguarded.
A far better approach for holding directors accountable, according to a significant body of academic research, is to make them stand for election annually.
Mr. Giddens also suggested holding directors and officers liable for maintaining controls on customer money, and getting rid of loopholes that enabled MF Global to tap customer money by overestimating overseas customer funds.
An audit and remuneration committee is normally – including at the Premier League's own clubs – constituted of non-executive directors; a system, itself much criticised as ineffectual, aimed at holding directors' pay to some sort of independent account.
As counterintuitive as it may sound in a world where the most powerful seem to tweet with impunity, we should at least be holding directors of public companies fully accountable for tweets that violate securities law.
At Kimberly-Clark, which makes the Kotex feminine care products, about 26percentt of those holding director-level roles globally as of the end of 2013 are women.
The tactic is drawing mixed reviews from corporate governance experts known for holding directors accountable for a company's actions.
MCCABE: I can tell you that I hold Director Comey in the absolute highest regard.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com