1. Company boards have always had the reputation of male dominated membership clubs;
A. CEO’s are known for “stacking the deck”, which means they surround themselves with close associates who are always inclined to agree with management decisions. This al- ways runs counter to shareholder and company interests
B. Board membership is required by law to serve without compensation
C. Board of Directors that include fewer than four individuals are common place
2. Unethical behavior can be a direct result of a company’s business culture which;
a. Places unrealistically high-performance goals on employees that legitimize achievement at any cost, disregarding ethical issues that may be violated
b. Maintains a strong oversight on the potential conflicts that might undermine ethical consid- erations
c. Develop a culture of open and honest input on the part of the employees, encouraging opin- ions that may run counter to the best economic choice.
3. Successful execution of a backup scenario requires;
A. Top tier divisional leadership, functional level coordination and flexibility B. The company to hire consultants C. A good deal of luck