Appeared on May 18, 2012
Ralph Walkling, Ph.D., executive director for the Center for Corporate Governance, is quoted in a Wall Street Journal article about Chesapeake Energy cutting its board members’ pay. “The question is, will the market think that the board is being responsive, or will they think that the board should have been proactive before these issues were raised,” Walkling says. “It could be a case of too little, too late.”