Window on governance

Last August General Electric, stung by criticism of its financial disclosure, undertook a three-month board review of its corporate governance practices. Good timing. The study came on the heels of the Sarbanes-Oxley Act and new governance rules proposed by the NYSE and Nasdaq. The result of GE's efforts, which CEO Jeff Immelt announced in a November press release, are significant in terms of structural changes such as board composition. Equally notable, however, is how the company set about