Corporate Governance

Representative Edward J. Markey (D-Mass.) wants to make sure that corporate boards keep up the assertiveness that has toppled lackluster management at American Express, IBM, GM, and other big companies. He's not likely to get very far with his push for legislation that would require directors to disclose all professional commitments, limit the number of boards directors can serve on, and require formal reviews of board performance. But Markey plans to keep the issue alive with a series of hearings before his Telecommunication & Finance subcommittee beginning on Apr. 21. Likely witnesses for the lead-off session include Compaq Computer Chairman Benjamin M. Rosen, who played a key role in ousting CEO Rod Canion in 1991, and John Pound, a corporate-governance expert at Harvard's John F. Kennedy School of Government.

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