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Corporate Board Member Magazine NYSE Euronext

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Cover Story

28How Cooked Books Threaten Directors

Accounting scandals are flaring up everywhere. The high-profile cases stem from flaunting of accounting principles or outright fraud. Far more pervasive is the legal but misleading stretching of the rules. For directors, this trend is serious food for thought.

Winter 1998  

Features

36 The 10 Best Takeover Lawyers
Hostile takeovers are on the way back. Weaker stock prices have left you vulnerable, and your shareholders may be swept off their feet by the dazzle of a rich suitor. Worried? Here’s who to call first.
   
42 Where Directors Are at Risk
That millennium bug is getting close and could turn out to be a liability nightmare. The other big threat on the horizon: discrimination suits. It’s time to check your coverage.
   
46 Reviewing Your Repricing Options
Stock options are now so widespread they show up in the comics. But deciding whether to reprice them when they’re underwater is no laughing matter.
   
52 Cutting a Wide Swath
Bill Seidman lets loose on hedge funds, falling free markets, and why global regulation is needed, but won’t work.
   
56 Asia's Half-Price Sale
The region’s meltdown creates an opportunity for U.S. companies to position themselves in a part of the world that historically has been tough to crack.