Yahoo!’s board has held 47 directors over the past 20 years, representing a staggering level of turnover and one that suggests a failure of oversight. “For a board to do its job effectively, it has to understand the company’s operations,” said Charles Elson, chief of the University of Delaware’s Center for Corporate Governance. “And while a group of directors being there forever isn’t good because they become stale and entrenched, having a board that turn overs so frequently isn’t good either, because, ‘how do you know the details of the operation?’ “
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