Corporate Governance Reform
Improving how corporations conduct business.
Transparent and answerable. Autonomous and independent. Vigilant and energized. Corporate governance that exhibits these qualities helps maximize shareholder value.
BR&B makes corporate governance reforms a top priority, especially when alleged fraud involved lax internal controls or a disengaged board of directors. As a leader in the protection of shareholder rights, BR&B sees securities litigation as an effective way to institute reform and implement a framework that ensures corporate directors and executives act responsibility for the benefit of current and future shareholders.
Corporate governance changes come in a variety of forms, including the following:
- Structural changes to how a board is chosen and how it conducts business
- Independence for a majority of the board
- Annual elections of all directors
- Mandatory shareholder approval for the “re-pricing” of employee stock options
- Creation of a company corporate governance committee composed entirely of independent directors
- Independence of the company’s audit and compensation committees
- Strict conditions on board actions taken without shareholder approval
- Compensation for injured shareholders from those responsible for causing the fraud or failing to detect fraud