By James B. Stewart
Wall Street Journal
August 11,2010
When will the Hewlett-Packard board learn the most fundamental lesson of corporate governance and public relations?
That lesson is simple: Disclose all relevant facts, get ahead of the media, and don't turn a one-day story into a media frenzy.
In U.S. public companies, the directors are supposed to serve the owners—the shareholders—and not management or themselves. Shareholders deserve, and are entitled by law, to material information about the company. Boards should err on the side of transparency.
Concealing facts only breeds suspicion, not to mention intense media coverage. That someone might be embarrassed by full disclosure is irrelevant and shouldn't factor in any disclosure decisions … [ More ]
Monday, August 16, 2010
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