This outstanding work reveals how boards governing 21st-century organizations can change their practices and align their principles to successfully govern the organization of the new economy. The authors propose that judging a board's effectiveness should be done not in a "shareholder" context but in a "stakeholder" context instead. They couch their reforms in a framework that focuses on what determines effective governance behavior: information, knowledge, power, and rewards.They argue it is behavior, not practices that count, and look at boards from a group and an organizational perspective.
"The most comprehensive analysis of board practices available.Research results and real world examples that will help CEOs anddirectors build the corporate boards of the future. Effectivelycombines thoughtful analysis with action steps that make governancepractices come alive." --Rich Teerlink, chairman and CEO (retired), Harley Davidson
"This lastest book by the team of Conger, Lawler, andFinegold-which draws from Korn/Ferry's ongoing research on thepolicies and practices of corporate America's largest boards-is acomprehensive, thoughtful examination of the challenges faced byboards today, and what they can do to become more effective inmeeting the needs of their diverse stakeholders. This is a valuabletool for anyone who now serves on a board-or is interested inlearning more about the responsibilities inherent in assuming adirectorship role." --Richard M. Ferry, chair, Korn/FerryInternational
"A defining piece of work in the emerging field of corporategovernance. Based on solid and comprehensive research, the authorshave provided a balanced and thoughtful road map for enhancingboard effectiveness. Every CEO in the country should read this bookand keep it on his or her desk." --David A. Nadler, chairman, Mercer Delta Consulting
"The single best, data-based book on corporate goverance. Should berequired reading for every senior executive and board member."--Warren Bennis, Distinguished Professor of Business AdministrationUniversity, of Southern California, and author of Managing theDream
WHAT SHOULD BOARDS DO?
Critical Boards Activities.
Attributes of High Performance Boards.
PRINCIPLES AND PRACTICES FOR EFFECTIVE BOARDS.
Information for High Performance Boards.
Evaluating the CEO.
Evaluating and Rewarding the Board?: Performance.
BOARDS IN THE FUTURE.
Governing in the Age of the Internet.
To Whom Are Boards Accountable?
Redesigning the Board: New Governance Forms.
Appendix: Research Background.
Series: Jossey-Bass Business & Management
Number Of Pages: 240
Published: 20th April 2001
Publisher: JOSSEY BASS
Country of Publication: US
Dimensions (cm): 23.62 x 19.08
Weight (kg): 0.42
Edition Number: 1