Corporate Governance in the 'New Normal' Business Environment

Foley Partner and program chair of the firm’s National Directors Institute Steven Barth and Associate Joshua Agen authored an article titled “Corporate Governance in the ‘New Normal’ Business Environment” in the February 1, 2010 issue of Corporate Compliance Insight. The authors discuss a “new normal” business environment, stating that observers of the “new normal” environment predict slow domestic economic growth, higher levels of taxation, increased regulation and higher levels of private sector unemployment. They add that a “new normal” business environment will challenge long-held board governance precepts and force directors to approach the governance of their companies with new perspectives.