Charles Elson Quotes

Charles Elson "Buddy" Roemer III (born October 4, 1943) is an American politician, investor, and banker who served as the 52nd Governor of Louisiana from 1988 to 1992, and as a member of the United States House of Representatives from 1981 to 1988.

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Charles Elson


“That would go an awful long way to restoring confidence,”

Charles Elson


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“The fact that directors might go without pay is meaningful. It shows, on the part of the directors, confidence that the company has a good future.”

Charles Elson


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“I do not view this as a negative opinion from a corporate governance standpoint. It should not make those who ignore their responsibilities happy nor should it discourage those who seek greater levels of oversight of directors,”

Charles Elson


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“Failure to be independent and failure to be circumspect carries a serious threat of liability.”

Charles Elson


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“When you see something like this, it begs asking what failure in their system led to this. Why didn't anyone pick it up?”

Charles Elson


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“We're seeing board salaries going up all over the place.”

Charles Elson


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“Is Coke a leader in this? Absolutely.”

Charles Elson


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“[The split between the former friends is a sign] that professional responsibility as a director trumps personal relationships, ... a positive change.”

Charles Elson


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“This indicates some receptiveness to calls for better governance.”

Charles Elson


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“When they pressure management to defend itself, it creates greater accountability. It forces management to explain its reasoning. The other shareholders can make up their minds whether they agree or disagree. Let the shareholders decide.”

Charles Elson


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“Any time you separate economic interest from voting interests, it leads to all kinds of problems. It lessens the accountability. I haven't heard of any good reason for dual-class stock. I think the proposal will strike a chord with a lot of people.”

Charles Elson


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“A few years ago, something that appeared incorrect might not be changed. Today, with heightened concern over complete accuracy, the definition of materiality has gotten a lot broader.”

Charles Elson


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“When a consultant does other work for the company, it creates either the actual danger or perceived danger of a conflict of interest. The consultant should either work for the board, or work for the company.”

Charles Elson


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“Frankly, once you commit to a job, you should stick with it unless you have an extraordinary reason. You can dissent, but you are not helping by taking yourself out of the equation.”

Charles Elson


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“I think it's a smarter move on his part.”

Charles Elson


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