Maybe it's time to feel sorry for Europe 's top executives. Last week, Los Angeles-based headhunters Korn/Ferry International revealed that high and in some cases increasing numbers of European directors are declining invitations to sit on company boards. The reason? The pressures and costs involved in upholding stricter corporate governance standards in the wake of high-profile blowouts such as Enron and Parmalat.
The scandals have "brought home to a greater extent the importance of quality contributions" from board directors, says Mina Gouran, head of U.K. Board Services at...
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