Since the passage of Sarbanes-Oxley in 2002, board members have become increasingly aware of potential liabilities to board service. Though much of this worry is unfounded, some things still should be watched closely. As a board member, you should be aware of at least some basic indications that there might be some liability attached to your board service. For instance, if the company on whose board you serve tends not to stay with a public accounting firm for too long a time, it could be a sure sign of trouble.
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Original post by Theodore F. di Stefano and software by Elliott Back
