Word: expertly
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...expert in the treatment of tuberculosis and HIV, Farmer pioneered new methods in which health care workers personally oversee and monitor individual patients...
Balance sheet? CPA? Regional expert? Since when do such things really matter in the boardroom? Since Enron and Tyco and WorldCom. Munoz is one of a new breed of director that just might change corporate governance permanently and for the better. The corporate scandals of the past few years have inspired a flurry of strict new government and industry rules on board composition and responsibility. These rules could do much to dismantle the old-boy, do-little director network--in other words, to make directors work for their money...
...rule changes. The most substantial changes involve audit committees and outside directors (those without significant financial or family relationships to a company). To help avoid an Enron-like scenario, in which an audit committee doesn't adequately vet auditors' reports, the chairman of that committee must be a financial expert: either a CFO of a public company or someone who has audited one. Three powerful board committees--audit, compensation and nominating (which finds new directors and senior managers)--must now be made up entirely of outside directors. And even the definition of outside has changed: recent employees are barred...
...with the old system is that it was relatively easy to pass the buck," says Krishna Palepu, a professor at Harvard Business School who has studied the functioning of audit committees. "Now that's much more difficult." Hall says he would decline to serve as any board's financial expert (a new rule requires audit committees to disclose whether they have one), despite his years in investment banking and corporate finance. "That's an invitation to a lawsuit," he says. In fact, some insurers are scaling back their coverage of directors to limit their own exposure to lawsuits...
...patrol boat straying across a disputed demarcation line to trigger full mobilization. North Korea's next move could be the test firing of a missile like the one that flew over Japan in 1998. Other even more dangerous provocations are possible. Gordon Flake, a Korea expert at the Mansfield Center for Pacific Affairs in Washington, fully expects Pyongyang to test a nuclear device or declare itself a nuclear power before any fighting starts in the Gulf, or shortly thereafter. "The danger of a North Korean miscalculation is growing every day," he says...