Tower Group suggests corp culture overhaul
NEEDHAM, MASSACHUSETTS - The Tower Group, the Massachusetts-based consulting firm, has published a report that is critical of past corporate governance failings and suggests - in unusually blunt language - that firms need a corporate culture overhaul.
"There is a clear pattern of greed," says Guillermo Kopp, vice-president at Tower Group and author of the report, in a recent interview. "And until governance shifts the composition of their boards and executives teams so the approach is more balanced between relationships and results, you are not going to see the final solution to the governance problem. At the end of the day, it is a cultural
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