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Downturn puts pressure on boards

The pressure to make sure that, when things go wrong, boards of directors are both accountable and seen to be accountable will only intensify in a recession, according to a report from The Conference Board Governance Center in New York City…. “When a company is successful and making lots of money, everyone is happy and people don’t ask hard questions. In a downturn, people are unhappy, marginal projects collapse, and improprieties are more likely to be discovered,” said Karim Jamal [FCA], a professor at the University of Alberta’s School of Business in Edmonton. “There is,” he added, “more threat to the wellbeing of a company in a downturn.” …
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