What directors can do to restore effectiveness and accountability to corporate boardrooms From Enron to Arthur Andersen, allegations of corner office criminality have brought new attention to the roles and responsibilities of corporate boards and directors. What Is Corporate Governance? focuses on the role corporate directors play in determining that a corporation stays within the bounds of the law, achieves sustained profitability, and is operated in the best interests of its shareholders and other stakeholder constituencies. This latest addition to McGraw-Hill's popular What Is . series explores: bull; bull;Attributes to look for when choosing a competent director--independence, functional competence, general and company-specific expertise, and more bull;The Board-CEO relationship, from techniques for selecting an effective CEO to measures for determining compensation that drives performance without appearing excessive bull;How legislation such as Sarbanes-Oxley is driving positive changes in operations and management, and should continue to increase board accountability in control and governance issues The ultimate test of board effectiveness is the degree to which an organization achieves its purpose. What Is Corporate Governance? provides a concise, comprehensive overview of what corporations and their directors must do to create an entity that is operationally sound, competitively strong, and able to address the needs of all of its stakeholders--from customers in search of the best products to stockholders entitled to an acceptable return on their investments.