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UPS Partners
Maybe it's Me
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<blockquote data-quote="CleverNick" data-source="post: 874674" data-attributes="member: 10293"><p>Obviously having outside directors has the disadvantage that they may not understand UPS and our business and they may have have the same vested interest as somebody who has been here for 20-30 years. However, in some sense, having an outside perspective is a good thing. I'm all for promoting from within and all that jazz. However, I believe that an organization run solely by UPS insiders who have only worked for UPS has a potential to become insular and stale. Having an outside perspective helps to prevent that from happening. Sometimes you need some DNA from the outside to prevent in-breeding. In fact, for a company like UPS which puts such a premium on promoting from within, not having outside perspective is a serious blind spot.</p><p></p><p>Besides, Sarbanes-Oxley requires outside directors and for good reason. The auditors report to a committee of board members made up primarily of outside directors. This is a check-and-balance against funny business by insiders running the company.</p></blockquote><p></p>
[QUOTE="CleverNick, post: 874674, member: 10293"] Obviously having outside directors has the disadvantage that they may not understand UPS and our business and they may have have the same vested interest as somebody who has been here for 20-30 years. However, in some sense, having an outside perspective is a good thing. I'm all for promoting from within and all that jazz. However, I believe that an organization run solely by UPS insiders who have only worked for UPS has a potential to become insular and stale. Having an outside perspective helps to prevent that from happening. Sometimes you need some DNA from the outside to prevent in-breeding. In fact, for a company like UPS which puts such a premium on promoting from within, not having outside perspective is a serious blind spot. Besides, Sarbanes-Oxley requires outside directors and for good reason. The auditors report to a committee of board members made up primarily of outside directors. This is a check-and-balance against funny business by insiders running the company. [/QUOTE]
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