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Strategies & Market Trends : Strictly: Drilling II
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To: jpthoma1 who wrote (8210)2/21/2002 10:13:23 PM
From: Frank Pembleton   of 36161
 
JP -- I've taken upon myself to cut/paste some of the highlights from the first article.

Some guidelines for the BOD:

- Boards exist to represent the interests of shareholders, not management.

- Companies must adopt strong ethics codes and directors must stand firmly behind them.

- Boards should not automatically retain the same outside auditor year after year just because they feel comfortable with the arrangement.

- Board members should bring different skills to the table.

- The board should periodically, perhaps once a year, meet without the chairman or managers present.

- Directors should not be afraid to trust common sense and gut feelings.

Thanks for posting those articles.

Regards
Frank P.
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