Board Size Matters in Securities Fraud Cases Says Watchdog Organization

By Securities Law on Jun 30, 2009 | In Legal Actions, Marketplace, Criminal, General

I have always been a strong believer that Boards need to tread lightly in matters of investments—there are potential fiduciary duty breaches everywhere. Were the investments prudent? Were they held too long? Were they sold do early? Did you take enough risk? Did you take too little risk? A recent NY Times article detailed a new study that examines Madoff fraud losses and suggests that a bigger Board may help prevent account losses.

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