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Bill Black: A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers

Livinglies's Weblog

Lambert here: One of those sensible measures that just never seems to happen…

By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at New Economic Perspectives.

The Wall Street Journal recently published a summary of a study of “desired director traits.”

A survey of 369 supervisory directors from 12 countries by search and advisory firm Russell Reynolds Associates asked which behaviors they thought are most important to creating a board culture that drives effectiveness and company performance.

The Ideal Director’s Traits

The study found that the five most highly valued traits in a director are, in descending order:

  • Courage
  • Willing to constructively challenge management
  • Sound business judgment
  • Asking the right questions
  • Maintaining an independent perspective and…

View original post 1,099 more words

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