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

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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.
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Editorial Reviews

From The Critics
[an] excellent book.
Financial Times
[an] excellent book.
New York Times
...a practical and ethics-infused approach that manages to be both readable and credible.
Soundview Executive Book Summaries
As corporate boards face increasing pressure due to recent scandals and company failures, corporate advisor Colin Carter and Harvard Business School professor Jay Lorsch write that boards are ready for a major redesign. Guided by their experiences working with the boards of some of the world's leading companies, the authors describe how a board's role should be defined and offer a clear approach to board design that can help companies move forward. Copyright © 2004 Soundview Executive Book Summaries
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Product Details

  • ISBN-13: 9781578517763
  • Publisher: Harvard Business Review Press
  • Publication date: 11/21/2003
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 256
  • Sales rank: 1,086,247
  • Product dimensions: 6.37 (w) x 9.54 (h) x 0.96 (d)

Table of Contents

Preface
1 Board Design - Time for Action 1
2 Struggling Boards 15
3 Best Practice Contradictions 41
4 Different Roles for Different Boards 59
5 Structures That Work 85
6 Building and Sustaining the Right Team 113
7 Building Knowledge and Using It Wisely 141
8 Behind Closed Doors 163
9 Getting Down to Work 181
App The Survey of CEOs 201
Notes 221
Index 233
About the Authors 241
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