In Paul Washington’s interview on This Week in the Boardroom, he briefly discussed benchmark considerations they use at Time Warner: Does it make Business Sense, is it consistent with the legal/regulatory framework, is it consistent with the company’s culture and strategy, what do shareholders think, how does it impact the pubic? It’s a short, concise, thorough list of measurements to put any discussion up against.
The board’s role is to be certain management has the mechanisms in place to provide this information to the board.
Paul Washington is the Senior Vice President, Deputy General Counsel & Corporate Secretary, Time Warner Inc.
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