Galleries

The Center for Audit Quality Gallery on Corporate Governance

"There are only two ways yet known of protecting investors. One is flatly to prohibit certain kinds of corporate activity, trusting that you will catch in your net of prohibitions the dodges through which investors' savings are usually lost or dissipated. That is not a good way; because the business processes of today are complex; conditions change overnight; honest corporate managements not only want but thrive under a wide freedom of action. The other method is to give your corporation pretty wide latitude in what it does, within reasonable limits; and then make your directors and officers personally liable for any abuse of the machinery. In substance, you say to people, 'Take all the power you want; but you, individually, are responsible for the use of power.'"

- 1931 Adolf Berle - Draft on Corporation Laws

Gallery Opens

Curated by Dr. Kenneth Durr and Robert K.D. Colby, History Associates, Inc.

Made possible through the generous support of the Center for Audit Quality, honoring Robert J. Kueppers for his significant contributions to the public company auditing profession and for his leadership and dedication to the mission of the Center for Audit Quality.


Courtesy Library of Congress, Carol M. Highsmith Archive

Permission for Use

The virtual museum and archive is copyrighted by the SEC Historical Society. The Society reserves the right to restrict access to or use of the museum by any user at any time.

Users are prohibited from sharing or downloading any material for publication or commercial purposes without written permission from the Executive Director. Requests for permission must be submitted by email and specify the material requested and for what purpose.

Material used with the Society's permission should be credited to: www.sechistorical.org.

Download mp3 file

Close