E-Commerce Blog

The punches are starting to fly fast as Yahoo and Carl Icahn duke it out over the company’s future. Yahoo shot down a new offer by Microsoft over the weekend to buy the search portion of its business and leave the remaining pieces under Icahn’s control. Now, Icahn and the current board of directors are in a heated war of words over who has the shareholders’ best interests in mind. Yahoo’s shareholders are set to meet in just under three weeks — on Aug. 1 — when they’ll decide whether or not to replace the current management with Icahn and his proposed team.

Continued here:
Yahoo, Icahn Fire Broadsides as Shareholders’ Meeting Draws Near

Since the enactment of Sarbanes-Oxley on July 30, 2002, many executives and board members have developed an almost palpable degree of anxiety when it comes to corporate governance and board service. In fact, some friends of mine who have been asked to serve on boards of publicly held companies have answered with a resounding “no!” out of fear of the legal implications and entanglements of serving on a board post-SOX. My advice to people who ask me is that they should by all means consider board service, but approach it with a bit more caution nowadays.

See the rest here:
When Should a Board Member Resign?