????高盛（Goldman Sachs）上周宣布更換CFO,，而即將卸任的CFO戴維?維尼亞將加入董事會(huì),。

????如此一來(lái)，高盛董事會(huì)中的高管成員將上升至3人,，這對(duì)于一家大型上市公司來(lái)說(shuō)實(shí)屬罕見(jiàn)?，F(xiàn)今大多數(shù)上市公司的董事會(huì)都只有一位高管，那就是CEO,，而剩余的董事應(yīng)該獨(dú)立于管理層,。

????高盛這種情況應(yīng)該拉響警鐘了。管理層掌握了三個(gè)投票權(quán),，董事會(huì)原本就已經(jīng)很虛弱的監(jiān)督職能是否會(huì)積重難返,？

????但這已經(jīng)不再重要。宣布哈維?施瓦茨升任CFO的電話(huà)會(huì)議上,，根本就沒(méi)人擔(dān)憂(yōu)董事會(huì)的構(gòu)成情況,。分析人士沒(méi)有質(zhì)問(wèn)董事會(huì)中管理層比例過(guò)高的現(xiàn)象，即使公司宣稱(chēng)要改組董事會(huì),，也沒(méi)有誰(shuí)去過(guò)問(wèn),。

????實(shí)際上在分析師提問(wèn)時(shí)，人們甚至可以感覺(jué)到溫和,、贊揚(yáng)（乃至）奉承的基調(diào),。當(dāng)然，里昂證券（CSLA）分析師邁克?梅奧提到高盛股價(jià)低迷,，同時(shí)還質(zhì)疑了施瓦茨的銷(xiāo)售背景和處理風(fēng)險(xiǎn)的能力,；而桑德勒?奧尼爾投資銀行（Sandler O'Neill）的杰弗里?哈特認(rèn)為施瓦茨缺乏傳統(tǒng)的CFO技能。但除了這些評(píng)論之外,，分析師們普遍表現(xiàn)出來(lái)的溫和友好恰恰證明了他們自身缺乏獨(dú)立性,。野村證券（Normura）分析師格倫?肖爾的開(kāi)場(chǎng)白居然是感謝維尼亞“對(duì)我們的不吝教誨”。

????盡管分析師們絕口不提董事會(huì)的未來(lái),，但今年前些時(shí)候,，高盛董事會(huì)的獨(dú)立性成為眾矢之的，焦點(diǎn)集中在是否應(yīng)該將董事長(zhǎng)與CEO職位分離的問(wèn)題上,。從分析師電話(huà)會(huì)議中,，我們?nèi)匀缓茈y看出高盛董事會(huì)在選擇施瓦茨擔(dān)任CFO的決定中參與了多少,，而他們的盡職調(diào)查又進(jìn)行到了什么種程度。高盛對(duì)尋求置評(píng)的電話(huà)和電郵沒(méi)有作出任何回應(yīng),。所有董事會(huì)成員,，包括CEO勞埃德?布蘭克費(fèi)恩，沒(méi)有一個(gè)人站出來(lái)回答關(guān)于電話(huà)會(huì)議的問(wèn)題,。

????作為高盛公司的顧問(wèn),，前任美國(guó)證券交易委員會(huì)（Securities and Exchange Commission ）主席亞瑟?萊維特自稱(chēng)認(rèn)識(shí)這位新任CFO，曾與他一起在委員會(huì)制定過(guò)高盛的企業(yè)標(biāo)準(zhǔn),。他覺(jué)得施瓦茨“在透明度方面總能站對(duì)立場(chǎng),，采取正確的行動(dòng),?！薄拔沂肿鹬厮S是一位出色的演說(shuō)家，從不怯場(chǎng),，但也不自吹自擂,，多管閑事，”萊維特說(shuō),。他認(rèn)為向員工提供跨專(zhuān)業(yè)領(lǐng)域的工作機(jī)會(huì)也有益于高盛和彭博（Bloomberg,，萊維特也與該公司有聯(lián)系）這類(lèi)公司的形象?！緭?jù)《紐約時(shí)報(bào)》(New York Times)報(bào)道,，前高盛員工格里格?史密斯將會(huì)在下個(gè)月出版的《我為什么離開(kāi)高盛》（Why I Left Goldman Sachs）一書(shū)中披露高盛文化的弊端?！?/p>

????此外,，《紐約時(shí)報(bào)》指出，有兩位女性高管在CFO職位的競(jìng)爭(zhēng)中輸給了施瓦茨,?！耙晃皇撬編?kù)伊麗莎白?貝希爾?羅賓森，另一位是首席會(huì)計(jì)師莎拉?史密斯,?！边@在高盛毀譽(yù)參半的女性升職記錄上又添上一個(gè)敗筆。由于在創(chuàng)造女性職業(yè)機(jī)會(huì)方面的努力,，公司曾在2007年榮獲非盈利組織Catalyst 頒發(fā)的獎(jiǎng)項(xiàng),。但2010年，三名女員工起訴公司在“工資和工作方面的歧視”,，還提出明確的性騷擾指控,。根據(jù)高盛官網(wǎng)的數(shù)據(jù)，目前公司主管中女性的比例不到10%,。

????這兩位頗有希望的女性高管看起來(lái)都能勝任CFO,。對(duì)于史密斯,，萊維特評(píng)價(jià)道：“她很優(yōu)秀，若是做CFO,，不會(huì)比公司任何同事差,。”

????When Goldman Sachs announced that it was changing CFOs last week, it also announced that it would be adding yet another insider to its board, soon-to-be-former CFO David Viniar.

????Including another management member on Goldman's (GS) board, bringing the total to three, is unusual for the board of a large public company. Today, most large public companies have only one manager on their board, the CEO, and the rest of the directors are at least deemed to be independent of management.

????A chorus of three management voices on the Goldman board is a red flag. With three management votes, will oversight ratchet down even further at a board that's already viewed as weak?

????But no matter. Board concerns were absent from the conference call announcing Harvey Schwartz's ascension to the CFO position. No analysts offered scrutiny of the board's heavily weighted management representation, nor did analysts ask about the further changes Goldman says it intends to make to its board.

????In fact, mild, complimentary and (almost) obsequious was the general tenor of the analyst Q and A. True, CSLA analyst Mike Mayo mentioned the low stock price and asked about Schwartz's sales background and ability to focus on risk – and Sandler O'Neill analyst Jeff Harte's questioned Schwarz's lack of traditional CFO skills. But those comments aside, analysts exhibited a coziness that suggested their own lack of independence. Normura's Glenn Schorr kicked off the analyst comments, thanking Viniar for "everything you taught us."

????Despite the analysts' silence on the future of the board, earlier this year, the board's independence came under fire in a public way over the separation of the chair and CEO positions. From the analyst call, it remains unclear how much the board was even involved in Schwartz's selection as CFO and how much due diligence they undertook. Goldman Sachs did not respond to a call and emails seeking comment for this story. No one from the board, including CEO Lloyd Blankfein, was available for questions on the analyst call.

????Arthur Levitt, former chair of the Securities and Exchange Commission and an advisor to Goldman Sachs, says he knows the new CFO, having worked with Schwartz on the committee putting together Goldman's business standards. He found Schwartz "stood almost invariably on the right side of transparency and doing things the right way." I have a "high degree of respect for him...Harvey is a good presenter and good on his feet, not pompous or officious," Levitt told me. Levitt believes it shows well for Goldman and other companies, like Bloomberg (with whom Levitt is also associated), when they create career opportunities for individuals outside their domains of expertise. (The New York Times reported that next month Why I Left Goldman Sachs, a book by former Goldman employee Greg Smith will spell out Smith's less flattering views of the culture of the firm.)

????Separately, the New York Times noted that two women were passed over for the CFO spot Schwartz ultimately received, "the treasurer, Elizabeth Beshel Robinson, and the chief accounting officer, Sarah Smith." That's too bad because the firm has a decidedly mixed record on advancing women. The bank won an award from the nonprofit Catalyst in 2007 for its efforts to expand opportunities for women. But in 2010, the firm was sued by three women alleging "pay and job bias" as well as specific charges of harassment. And today, less than 10% of its current executive officers are women, according to Goldman's own website.

????It would seem the women in the running were qualified. Regarding Smith, Levitt said, "She's terrific and could have done the job as well as anyone in the firm."