“As of Jan 1 I came off the Management Committee, I'm still on the Investment Committee, and I won't take new board seats as we sell companies.”
JA
James Andersen
Buyers and Builders ·
Slate Money · The Specter of Puerto Rico’s Debt
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spent $2 billion on board, consultants, lawyers, and creditors’ committee expenses
$2 billion
“As of Jan 1 I came off the Management Committee, I'm still on the Investment Committee, and I won't take new board seats as we sell companies.”
“They’ll implement robust internal controls… partner with external auditors… designate an independent committee of the board… a line to the board that circumvents the CEO”
“Every speaker that's coming to the audit committee or the boardroom, try to remember to include their bios. You don't want to waste valuable time during the board meeting going through their backgrounds.”
“The board then comes up with a compliance committee ... within 90 days ... to show how they will hold senior management accountable”
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