Back to the Drawing Board: Designing Corporate Boards for a Complex World / Edition 1

Back to the Drawing Board: Designing Corporate Boards for a Complex World / Edition 1

by Colin B. Carter, Jay W. Lorsch
     
 

ISBN-10: 1578517761

ISBN-13: 9781578517763

Pub. Date: 11/21/2003

Publisher: Harvard Business Review Press


Business scandals from Enron to WorldCom have escalated concerns about corporate governance into a full-blown crisis. Institutional investors and legislators have dominated the debate and enacted important changes in corporate accounting and other areas. But Colin B. Carter and Jay W. Lorsch say that we must now focus on the performance of corporate boards. This

Overview


Business scandals from Enron to WorldCom have escalated concerns about corporate governance into a full-blown crisis. Institutional investors and legislators have dominated the debate and enacted important changes in corporate accounting and other areas. But Colin B. Carter and Jay W. Lorsch say that we must now focus on the performance of corporate boards. This timely book argues that boards are being pressed to perform unrealistic duties given their traditional structure, processes, and membership. Carter and Lorsch propose a strategic redesign of boards--making them better attuned to their oversight, decision-making, and advisory roles--to enable directors to meet 21st century challenges successfully. Based on the authors' deep expertise and longtime experience working with boards around the world, and on a probing survey of CEOs, Carter and Lorsch help boards to develop a realistic value proposition customized to the company they serve. The authors explore the core dilemmas and responsibilities boards face and outline a framework for designing the most effective structure, makeup, size, and culture. This book provides a candid account of the current state of boards and points the way in a time of crisis and change.

Product Details

ISBN-13:
9781578517763
Publisher:
Harvard Business Review Press
Publication date:
11/21/2003
Edition description:
New Edition
Pages:
256
Product dimensions:
6.37(w) x 9.54(h) x 0.96(d)

Table of Contents

Prefaceix
1Board Design--Time for Action1
2Struggling Boards15
3Best Practice Contradictions41
4Different Roles for Different Boards59
5Structures That Work85
6Building and Sustaining the Right Team113
7Building Knowledge and Using It Wisely141
8Behind Closed Doors163
9Getting Down to Work181
AppendixThe Survey of CEOs201
Notes221
Index233
About the Authors241

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