Markkula Center of Applied Ethics

The New Corporate Governance: Key Themes for Public Companies Today

A presentation given by Mark A. Bertelsen to the membership of the Business and Organizational Ethics Partnership on September 12, 2003

What We Learned in 2002
Investor trust must be restored and investor confidence regained for true economic recovery.

  • The problems revealed by corporate scandals were systemic, not the result of a few bad apples.

  • Regulation matters.

  • On Wall Street, conflicts of interest are not synergy.

  • Boards of directors count — they are an important check on CEO behavior.

  • CEO pay is too high.

    Source: Business Week, 12/30/2002

The Policy Issues Raised