Every company, regardless of its size or activities, should have some form of formal codification of business conduct and ethics that can serve as a guide for directors, officers and employees. This week's report summarizes the guidelines of the New York Stock Exchange on the content of the codes that NYSE-listed companies are required to adopt and serves as a useful drafting guide.
Board membership is not something to be taken lightly and potential candidates for director positions need to carefully consider the responsibilities of the entire board as well as individual director responsibilities. This week's report provides an overview of the responsibilities of corporate directors.
This week I'm passing along an example of an electronic mail policy. These policies govern the use of electronic mail (e-mail) service provided by companies to their employees. It is essential for a company to have a clear e-mail policy that defines proper use and misuse of corporate e-mail services and informs all employees about their legal responsibilities with respect to sending and retaining e-mail messages.
Family businesses remain an important part of the economy and continue to generate a substantial amount of revenue and provide employment for millions of persons around the United States. In fact, recent business conditions are driving the formation of even more family businesses as larger companies lay off workers and force them to turn to an entrepreneurial life. My report this week highlights some of the issues that should be considered with respect to corporate governance issues for family-owned businesses.