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The Governance Ombuds: National Association of Corporate Directors, Silicon Valley Chapter & Stanford University, Rock Center

October 26, 2011

Speakers: Charles L. Howard

October 26, 2011

Stanford University, Rock Center for Corporate Governance

Why are corporate employees unwilling to report serious misconduct? Why are they also frequently unwilling to share good ideas for improving products, services and business processes? Fear of retaliation is most often cited for the failure to report misconduct; a sense of futility for the failure to suggest improvements. All too often, employees have a low level of trust in both management and the board.

The panel, which met in the morning at the Silicon Valley National Association of Corporate Directors (SVNACD) and in the afternoon at Stanford University's Rock Center for Corporate Governance, examined how the presence of a governance ombudsman can change the climate of non-participation and foster a culture of trust and candor.

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