“Independence” is a central corporate governance idea in the discussions of the Sarbanes-Oxley era. But have the SEC, public companies, mutual funds, stock exchanges, accountants, and proxy advisers gotten carried away by the pursuit of independence? What are its limitations and does it interfere with other essential elements of governance,...

President Obama's passivity before the threatened foreign prosecution of Bush administration officials achieves by inaction what he fears doing directly.

It isnow up toObama and his incoming administration to devise a strategy for winning the war in Afghanistan and defeating the Taliban and al Qaeda.

Beyond the Securities and Exchange Commission's oversight failures in the cases of Enron and WorldCom, the Commission's addiction to press coverage has led it to emphasize enforcement activities above all else.

The media serves society and justifies its constitutional protection when it addresses real issues. When it fails to do this job, it deserves scrutiny itself.

With Pyongyang's announcement to "conduct a nuclear test" to "bolster its war deterrent for self-defense," the world has been given yet another reminder of the North Korean game plan.

To win the War on Terror, the United States must win in Iraq. Leaving now would mark the loss of our credibility in the Middle East.

Discussions of corporate governance today too often neglect important developments in how principals and agents interact.