Why not sue the executives who pushed the company into making toxic investments or the board members who did a poor job supervising management?
Externally driven reforms have made corporate boards better at preventing fraud and protecting stakeholders' rights but have had little effect on board performance in setting strategy and supervising management.
"We demanded these materials for the purposes of enabling us to investigate whether and to what extent the board of directors of Motorola failed in their duties as directors in supervising management and setting policy and direction of Motorola," Mr. Icahn wrote.
But Wayne L. Rambo, then a first lieutenant who supervised management procedures in the supply squadron, said he did not recall seeing Mr. Bush.
Its mandate is to supervise management of the air traffic control system by the F.A.A., which has spent billions of dollars over the last 18 years in its attempt to modernize the country's 1960's-era air traffic control computers.
"The primary task of the board is to supervise management — hire the CEO, compensate the CEO, plan for the succession of the CEO and if need be, fire the CEO," said Thomas Lys, an accounting professor and corporate governance expert at Northwestern's Kellogg School of Management.
Djanogly is the minister in charge of supervising claims management companies and is weighing up changes to the industry.
To be sure, the board does have an important leadership function: counseling and supervising the management team.
In 1993, a year after getting the Forestry Authority's centres of excellence award, he formed a trust to control his undisturbed reserve, supervising a management committee composed of powerful conservationist organisations.
"Apart from supervising land management and security issues, it cares for and facilitates the monitoring of a large animal population that lives near to, and within, the range". The spokesman adds that Foulness is a site of special scientific interest.
As his fame spread, he became very much an establishment figure – secretary of the Zoological Society of London (1992-99), whincludeduded supervising the management of London and Whipsnade zoos, president of the Society for Experimental Biology (1995-97), president of the International Society for Vertebrate Morphology (1997-2001) and editor of Proceedings of the Royal Society B (1998-2004).
