Recent business scandals point to a disturbing breakdown of values in                  corporate America. This book responds to the crisis by examining the                  responsibilities of "gatekeepers" -- corporate directors, regulators, auditors,                  lawyers, investment bankers, and business journalists -- who stand between corporate                  misconduct and the public. The essays, by prominent scholars and practitioners,                  argue that market pressures have made gatekeepers too focused on financial                  self-interest and too heedless of the public good to live up to society's legitimate                  expectations. A key part of the book is a set of recommendations for enhancing                  gatekeeper professionalism. These range from specific steps for improving boards of                  directors to a call for the investment banking community to establish a uniform code                  of conduct and articulate its obligations to the investing public.This book grew out                  of the Corporate Responsibility Project undertaken by the American Academy of Arts                  and Sciences. The contributors come from institutions ranging from Wall Street and                  the nation's leading law and business schools to the AFL-CIO; they include such                  prominent figures as John S. Reed of the New York Stock Exchange, investment banker                  Felix Rohatyn, corporate lawyer Martin Lipton, and media commentator and professor                  of journalism Geneva Overholser.

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