1. Too many board directors lose their backbone

    When it comes to corporate governance, hardly anyone could be more blunt than San Antonio investor George Karutz Sr. How blunt can he get? How about this: “Directors tend to leave their brains, their balls and their backbone at the boardroom door.” Karutz told me during a lunch meeting that he felt compelled to speak out about his views because of his long experience as an investor and as local efforts increase to entice investors to look more at local startup companies. He has criticized direct

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    1. The last thing that should be done is for the government to be involved