Cover Story
Timeline — The evolution of 20th Century corporate governance
By James Kristie
A history of key dates, events, and players... of reforms and innovations... of the shaping of modern-day governance as we now know and practice it. A never-before-published record of governance milestones.

Executives must be allowed to execute
By Michael Novak
A highly regarded social thinker directs his focus on corporate governance, and finds that the great problem within governance today is not how to create checks and balances against power but rather how to summon up and channel executive power.

Courts and boards: The Top 10 cases
By Charles M. Elson
Undertaking a daring assignment, a law professor and director selects these 10 court decisions as having the most significant impact on modern corporate governance. Making an appearance are such names as Henry Ford, Judge Learned Hand, Lewis Gilbert, and T. Boone Pickens.

A 10-year quest for director accountability
By John C. Wilcox
A keen observer of governance trends profiles the first three stages of institutional activism as played out during the period 1987-1997, and suggests what is needed next for directors to regain investor confidence.

A governance tool that really works
By Louis Lowenstein
What is it? The answer may surprise, particularly since the debate over governance effectiveness tends to overlook it. But here is a vote for the financial accounting and disclosure system that we have in the U.S. as a most compelling mechanism for inducing managers to manage better.

Executive pay — then, now, and ahead
By John Balkcom and Roger Brossy
From whence we've come to where we're going: Four trends that will shape the board's decision making on compensation and executive rewards. Plus, a timeline of their own: A history of compensation and benefits from the 1800s to present day.

Forays on the governance frontier
By J. Sinclair Armstrong
A former chairman of the SEC reflects back on his days at the Commission during the so-called placid and passive Eisenhower years and says: 'twas not really so. Important seeds were being planted for improved governance to come.

The O'Hagan decision: A new basis for director liability
By Jeffrey L. Schulte
It behooves a director to understand this ruling to avoid inadvertent violations of the misappropriation theory, the new law of the land.

Departments & Columns
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