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They're not held accountable in the same fashion that they're holding management accountable.
Institutional investors strongly believe that the corporate governance process must serve as an effective means of holding management accountable.
As for how effective boards are, well, there's lots of evidence that they haven't been holding management to account.
Mr. Crovitz, 49, has served at Dow Jones as a reporter, editor, editorial writer and columnist before holding management positions in the company.
Directors on boards of so-called controlled companies face a tougher time holding management accountable, according to Charles M. Elson, a professor at the University of Delaware and director of its John L. Weinberg Center for Corporate Governance.
Robert Grant, director of management for Midboro Management, a Manhattan property management company, said he was alarmed that the court seemed to be holding management companies to "an extremely high standard".
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The experiment was designed as a split-plot holding managements on main plots and cultivars on sub-plots.
"Institutional investors want to hold management accountable much more generally," said Chris McNickel, managing director at Greenwich Associates.
Throughout her career, Sarah has also held management positions in Handelsbanken, GE Capital, and PwC, managing union pension assets totaling €40B.
Their job is to hold management accountable.
He later held management positions in banking, including the chairmanship of Bankers Trust International in London.
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