WORDS

lead directors

Outsiders Upfront “Lead directors are gaining clout on U.S. boards, a development that gives the boards the potential to become more effective counterweights to powerful chief executives. The role is a compromise created in the era of the 2002 Sarbanes-Oxley Act. Lawmakers wanted to beef up boards to cut down on corporate shenanigans, but they [...]

2011-01-14T01:53:51-06:00WORDS|

ghost/ shadow inventory

homes financed by mortgage loans on which no payments are being made but have yet to be listed in a foreclosure sale.   [R]eal estate agents and mortgage brokers wary of optimism are focusing on a new term that has entered the housing lexicon: ghost inventory. Banks appear to be sitting on thousands of homes [...]

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