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    • #7184
      Mary NirlungayukMary Nirlungayuk
      Participant

      Anderson felt by splitting into two division and felt he can grow and be profitable – overtime management felt it was the best way to grow the business the board chair felt they were in conflict – in saying that they didn’t felt they weren’t in conflict and in most cases this gets ignored – interesting

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    • #7374
      Lori SandersLori Sanders
      Participant

      I agree with your statement and I also think this was the primary cause for the downfall of the Andersen Corporation. I also question the role of the Board and their decisions regarding these issues. The Board must have been uninformed, weak, or lacking in responsibility to allow some of these steps to occur – perhaps they should have completed some board training to understand the importance of their roles.

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    • #7386
      Mary NirlungayukMary Nirlungayuk
      Participant

      Yes, its easy to be mislead by management in this case if the board don’t ask the rights!

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    • #7398
      Jen BudneyJen Budney
      Participant

      Good points, Mary and Lori. This is indeed a cautionary tale about not letting management bamboozle the board! What sorts of accountability mechanisms were missing here?

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    • #7419
      Walter PreugschasWalter Preugschas
      Participant

      Need to truly analyze the options with advantages and disadvantages of carrying out any options. This needs to be done by the entire board.

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