Speak Out

Corporate leaders need to speak up and speak out on the causes and cures of the financial meltdown, which was primarily brought on by bad board and CEO decision-making. While they cannot stop federal regulation of governance in this environment, they can make it more sensible if they have the courage to make important changes voluntarily—and mean it. If business doesn't speak up about how to fix a governance system that failed, they will get run over.

—Ben W. Heineman Jr.
Senior fellow, Harvard Law School and Harvard's Kennedy School of Government