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Corporate Board Member Magazine NYSE Euronext

Board Committee Interactive

03JanFebCover

Cover Story

28The Heat is On

The new law gives directors more power and responsibility—and exposes them to greater legal risk. Here’s how they can wield their extra clout and avoid seven potential pitfalls.
Plus: Too Late for Forgiveness?
What Can Put You in Jail
Don't Wait to Be Told What to Do

January/February 2003

Features

38 Independent Experts Emerge as the Board's Best Friend
The Sarbanes-Oxley Act says that directors must have the authority to hire outside advisers if they think they need them—and that the company must pick up the tab. Your move.
   
44 Will the Rossi Posse Go After Your Company Next?
Shareholder-activist Emil Rossi and his two sons have won a series of proxy fights over the past 20 years. More and more fellow shareholders are picking up pitchforks and falling in behind them.
Plus: The 2002 Rossi Scorecard
   
59 Cuba: Time to Lift the Embargo?
Castro is beckoning the capitalists, and only the U.S. embargo keeps American companies from getting any of the action. But as their European rivals will tell them, all is not what it seems on this seductive island.
Plus: Who's There Now–And What's the U.S. Missing
   
72 Has American Business Missed the Boat? Not Necessarily
So says a Dutch lawyer who specializes in helping foreigners set up joint ventures. But he warns that it would be a mistake for U.S. companies to ignore Cuba until the embargo ends.
 
   
78 Directors: Let's Trade With Cuba
At least, that’s the majority opinion. Others believe the embargo should stay in place until Castro eases political repression. Two cigar smokers come down on different sides of the fence.