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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (15117)	8/10/2002 11:17:02 PM
From: Don Earl	Respond to of 78764

Timba, I suspect most so called outside directors are chosen for their willingness to rubber stamp whatever insiders want them to vote for. At least it doesn't seem likely any known rabble rousers names will show up on the usual one party ballot. Half the time outside directors don't even show up for the meetings. A better system would probably be to require at least one outside director who has no affiliation with any public company other than being a shareholder. Start with the largest holder and work down the list until they find one who wants the job. I don't think picking from a list of members of the ol' boys club is going to change anything.