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spacer spacer spacer spacer October 9, 2003

Corporate reform is topic of McClure talk

The recent ouster of Richard Grasso as chairman of the New York Stock Exchange intensifies the debate over corporate governance. Reform efforts initiated in the wake of previous scandals like Enron, WorldCom and Global Crossing are now well documented. But are they getting the job done?

Eugene Fram

Eugene Fram, the J. Warren McClure Research Professor of Marketing in the College of Business, will address that issue during the seventh biennial J. Warren McClure Lecture. His presentation, It’s Not Over for Business and Nonprofit Board Directors, will be at 3:30 p.m. on Thursday, Oct. 16, in the Chester F. Carlson Center for Imaging Science auditorium.

The current revolution in governance reform may be more perception than reality. While many organizations have taken steps to address issues such as internal financial control, internal and external financial communications, and codes of ethics, Fram says his research indicates that this is only scratching the surface.

“All of this adds up to modest change in board environments at a time when most people assume a great deal is happening. What we are seeing is a lot of ‘business as usual,’” he says.

During his lecture, Fram will analyze two important governance issues that, he believes, are being overlooked. He will also identify what the business and nonprofit worlds need to do in order to achieve broader governance reform.

RIT President Albert Simone and Michael Morley, executive vice president and chief administrative officer at Eastman Kodak Co., will offer brief responses to the lecture. A question-and-answer session and reception will follow.

To attend, contact Donna Slavin at 5-2199 or dlsbbu@rit.edu.


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