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Nortel to Negotiate Governance Reforms

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This article discusses the implications of the proposed governance reforms to be negotiated as part of the settlement of the outstanding class action lawsuits against Nortel Networks.
 
This is not without precedence but is more complicated in Nortel's case than in the past.
 
Nortel complies with the letter of the law and the rules in both Canada and the US but problems have still arisen with regard to accounting practices and a questionable hiring.
 
The author suggests that company directors undergo a competency evaluation process and that the results be made public.

Nortel's governance makeover

Canadian Business - 4/4/2006 4:30 PM

This article discusses the implications of the proposed governance reforms to be negotiated as part of the settlement of the outstanding class action lawsuits against Nortel Networks.
 
This is not without precedence but is more complicated in Nortel's case than in the past.
 
Nortel complies with the letter of the law and the rules in both Canada and the US but problems have still arisen with regard to accounting practices and a questionable hiring.
 
The author suggests that company directors undergo a competency evaluation process and that the results
 
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