<Tab/>The article that I chose to use for this assignment is called Parma splat, (Jan 15th 2004, From the Economist, print edition, retrieved May 13, 2005) The article concerns the Parmalat company which was found to have been lying on their financial statements, claiming there was more income than debt. They also were able to get the Bank of Italy (a part of Bank of America) to provide a forged and false letter …showed first 75 words of 567 total…

…showed last 75 words of 567 total…proposing, fir instance, that one-third of board members should be independent in companies where there is a controlling shareholder (for example, family businesses that go public)." This seems to be a good idea for all countries, not just France. This would go a long way toward eliminating the conflict of interest with board members, and will allow the company to focus on the business of making a profit for all and not just the executives.