By Jon Bernstein, 20 June 2002 09:47
NEWS One in four US chief executives believe their board of directors don't fully understand the business they are in, according to a survey carried out by the Yale School of Management. The survey, which sought the views of 130 of the most powerful chief executives in America, found that most CEOs believe their fellow directors are honest but many believe they are also incompetent. Jeffrey Sonnefield from Yale is quoted in this morning's Daily Telegraph saying: "It is stunning how many chief executives lack confidence in their boards, financial reporting, even their own management teams."
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