Madoff case: no precedent to excuse directors

Non-execs should still challenge dominant directors

Boardroom table

Many company directors, certainly those who provide the service professionally, will have been educated in one way or another about the duties they owe to their companies and are well aware of the ease and clarity with which their duties are stated. They are also likely to be acutely aware of how frequently situations arise in which it is not obvious to the director concerned what he actually has to do to cross the threshold of satisfying his duties to his company, in practical terms. The reason

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