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"If members were comporting themselves with principles of good practice, it wouldn't be necessary to legislate board behavior," said Richard Novak, a senior vice president of the Association of Governing Boards of Universities and Colleges.
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And if we are prepared to legislate for board diversity, then laws on fairer pay also seemwithin our grasp.
Twenty-one countries already legislate diversity on corporate boards or mandate practices that enhance diversity in the workplace.
But the Commerce Committee is resistant to make policy over office location, being eager as it is to legislate the size of a new board (to nine elected directors) and the creation of an assembly, which would be made up of nearly all of the 124 members of the nearly extinct U.S.O.C. board.
A Miliband government could legislate for worker representation on company boards, including remuneration committees, which could be a check on some of firms' worst excesses.
"The board used this case to legislate from a political perch," he said.
In the latest attempt to legislate a roadside aesthetic, the Southampton Town Board voted 4-0 on April 23 to prohibit residents from hanging laundry in their front yards.
Mr. Gramm said it would have been smarter policy to give the new board more leeway and not legislate so many specific rules.
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