EDITOR PICKS: The best of the week

We've chosen five of the best and most-read commentary pieces from the past week, including Alan Kohler on scrapping the monthly board meeting, Robert Gottliebsen on super funds and short selling and Stephen Bartholomeusz on the banks' capital problems.

Business Spectator's editors have chosen five of the best and most-read commentary pieces from the past week.

Scrap the monthly bored meeting
Alan Kohler
Forcing your company's best minds through page after page of minutiae every month is supposed to be good governance. Rubbish – it's an exercise in arse-covering that leaves no time for real management.

Capital conundrum
Stephen Bartholomeusz
Australia's banks are enjoying one part of the sub-prime crisis – debt markets have closed and borrowers are being forced back into the banking system. But raising capital to meet this demand will not be easy.

Investors fight back
Robert Gottliebsen
Superannuation and indexed fund managers act against their investors' interests when they lend stock for use in vicious shorting raids. After the ABC Learning raid, investors should be lining up to take them to court.

Better late than never
Bill Gross
George Bush's $US150 billion rescue package will do little to help the US economy. The next US Administration must create a wide-ranging, $US300-500 billion plan if it wants long-lasting reform.

Only complex solutions will fix housing
Terry Burke
The Australian housing crisis is not new, but attempts by business to solve it have been hampered by policymakers who see the problem in single cause-and-effect terms.

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