G.E. has instituted a more rigorous system of financial and corporate oversight than was the case previously.

In other words, corporate oversight would be far stronger because it would be in the market's interest.

Under the new Hollywood calculus - slowed revenue growth and increased corporate oversight - that combination no longer made sense.

Specifically, both call for a higher minimum wage, broader health coverage and tighter corporate oversight.

But he is trying to help with that, as president of the Institute of Outstanding Directors, a group that offers advice on corporate oversight.

Cisco, another behemoth, is upheld by Nasdaq as the embodiment of good corporate oversight.

They seemed directed in part at calls from members of Congress, especially Democrats, for tougher rules on corporate oversight.

Now Hardymon needed to increase corporate oversight of operations.

Clearly, Congress needs to adopt new legislation to toughen corporate oversight and provide protections for investors and employees.

In the past, boards of directors generally took a passive role in their corporate oversight.