Poor governance at Xerox may have made the copier giant's problems even worse. Here are a few of the flaws:

TOO MANY INSIDERS

Five of the board's 15 members are insiders, too many, some governance experts say.

NOT ENOUGH STOCK

Five board members own fewer than 15,000 Xerox shares, an equity stake considered paltry for directors of an $18.6 billion company.

STRETCHED TOO THIN

Seven directors sit on five or more boards. Among them: CEO Paul A. Allaire (5) and Vernon E. Jordan Jr. (11).

Data: Company Proxy, News Release

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