Jeannette De Giorgio highlights what she calls a “scandalous” behavior on the part of the boards of companies like LV=.
The latest boardroom drama involved the finance director of the pharmacy company LV= and her husband. The husband resigned, following the revelations that the chief financial officer had earned more than $1 million from a non-employee affiliated firm.
During an ITV program called “the boards have got to stop,” Mike Rowe was shown how LV= continues to do business without the stockholder’s legal right to know information about conflicts of interest. De Giorgio says that as long as the board of an organization like LV= can avoid direct discussion of financial information, the public won’t be able to hold them accountable.
Don’t forget to catch this edition of “Voice of a Public Company”, on Friday night, November 30, 2017, 9:00 p.m. ET on the Scripps Network on TV. Learn more about Scripps and the Scripps National Spelling Bee on NationalSpellingBee.com.