How To Manage The Corporate Governance Risks Of Large, Privately Held Companies
- Topics:
- Enterprise Risk Management
- Source:
- Thelen Reid & Priest
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Overview: Article explains how to manage the corporate governance risks of large, privately held companies. It states that large, privately held companies should understand both the spirit and rationale behind the new corporate governance regime for publicly traded companies. Realize it is very likely that similar standards of behavior and possibly penalties shortly will apply to privately held companies. They should adapt their corporate governance structures and practices accordingly. State corporate law and principles of fiduciary duty do not distinguish between publicly held and privately owned companies. While every private issuer need not meet all of the requirements being laid down for public companies, every privately-held company should examine its practices in light of the new regulatory regime and adjust its policies and practices sooner rather than later.
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Format: HTML | Date: Oct 2002 | Pages: 1
