Although recent censure of corporate boardsofdirectors as "passive" and "supine" may be excessive, those who criticize board performance have plenty of substantive ammunition.
These factors may include the incentive compensation of executives, lack of monitoring by boardsofdirectors, and managerial error in estimating the value of firms targeted for acquisition.
这些因素可能包括高管的激励性薪酬、董事会缺乏监督以及管理层在估计收购目标公司价值时的错误。
3
Make management and the boardsofdirectors and the shareholders pay for this.