|Themes for directors in the current environment
Four ideas for directors in these challenging times.
|Addressing business challenges, given the state of the economy
An understanding of the likely economic recovery scenario as well as the broader business trends -- including evolving government policy -- will help directors to prepare for another eventful year.
|Focus on governance initiatives
Policymakers and regulators are exploring changes towards providing enhanced transparency, greater director accountability, and increased shareholder rights.
|The impact of global tax trends
It is expected that policymakers will continue to look toward international taxation as one area for potential revenue increases.
|Financial reporting developments
The pace of change in financial reporting — akin to "drinking from a fire hose" — shows no signs of slowing in the coming years.
|Regulatory developments: The SEC is placing a great deal of emphasis on its enforcement programs
The SEC is placing a great deal of emphasis on its enforcement programs.
|Major ongoing legislative initiatives
Major legislation is pending in Washington on healthcare and climate change.
|Special focus: Government involvement in business
Directors should be aware of the heightened reputational risk when the government has invested in their companies.
|Acquiring assets in bankruptcy
How a Section 363 sale works.
Directors can use these criteria, used by bank regulators to evaluate financial strength and quality of management, to evaluate their own companies.