2007 Corporate Board Investor Survey

The 2007 Corporate Board Investor Survey, conducted by Pepperdine University’s Graziadio School of Business and Management, set out to study investor attitudes toward CEOs and their corporate boards and found that almost nine out of ten investors say that jail time should be mandatory for corporate officers and board members convicted of practices harmful to employees, shareholders and the public. Four out of five investors surveyed favor actions by prosecutors to aggressively recover company losses from convicted executives and/or board members’ personal assets. The majority of respondents (57%) believed the requirements imposed by the law, holding CEOs and senior management personally accountable for the accuracy of their companies’ financial disclosures, are about right, while one-third (32%) said its restrictions did not go far enough. Only 8% say the law went too far.