Leader: Besieging the boardroom

Call it schadenfreude if you like, but us journos have been having a field day with the wave of corporate scandals sweeping the US. So too have hapless investors who, having watched their portfolios dwindle toward nothing, can at least take some pleasure in seeing the Rigases, Kozlowskis and Sullivans of this world get their comeuppance.In what can only be described as a hostile climate, IROs are treading carefully. Circumspect by nature, they're searching for opportunities that might emerge