The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century [NOOK Book]

Overview


Edited by Harvard Business School professor Jay W. Lorsch, the preeminent authority on corporate boards, this book gathers the leading voices from business and academia to address the challenges of governance in the 21st century.

We are at a crucial juncture in the evolution of business and the economy. We must now reshape the structures and practices of business leadership to avoid going down the same path again. To a large extent this is a ...
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The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century

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Overview


Edited by Harvard Business School professor Jay W. Lorsch, the preeminent authority on corporate boards, this book gathers the leading voices from business and academia to address the challenges of governance in the 21st century.

We are at a crucial juncture in the evolution of business and the economy. We must now reshape the structures and practices of business leadership to avoid going down the same path again. To a large extent this is a question of governance and the role of corporate boards, to help us wrestle with critical issues like CEO performance and succession, compensation, and forward-looking strategy.

In The Future of Boards, governance sage Jay Lorsch has gathered thought leaders and some of the most experienced voices at Harvard Business School to describe the moment we are in, identify and analyze the salient issues, and chart a course for the future. Articles include Bill George on how boardroom conflicts can be understood and managed; Krishna Palepu on how directors can gain the knowledge necessary to effectively oversee strategy; Lorsch himself and colleague Rakesh Khurana on how boards can set reasonable compensation while still motivating top talent; and Ken Merchant and Kat Pick on group pathologies in the boardroom and how to overcome them.

The Future of Boards will be must reading for CEOs, business and industry leaders, policymakers, and anyone involved in influencing and reshaping business in the 21st century.
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Editorial Reviews

From the Publisher

“For directors suffering information overload, this book will help in gaining the necessary helicopter view of the director’s role and how easily a board can be lulled into agreeing to a strategic disaster.” — Management Today magazine (Australian Institute of Management)
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Product Details

  • ISBN-13: 9781422183236
  • Publisher: Harvard Business Review Press
  • Publication date: 6/12/2012
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 208
  • Sales rank: 1,396,215
  • File size: 2 MB

Meet the Author


Jay W. Lorsch is the Louis Kirstein Professor of Human Relations at the Harvard Business School. He is the author of over a dozen books, including Back to the Drawing Board: Designing Boards for a Complex World (with Colin B. Carter, 2003), Aligning the Stars: How to Succeed When Professionals Drive Results (with Thomas J. Tierney, 2002), and Pawns or Potentates: The Reality of America's Corporate Boards (1989).
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Table of Contents

Acknowledgments vii

Introduction Jay W. Lorsch 1

1 Boardroom Challenges Lessons from the Financial Crisis and Beyond Jay W. Lorsch 7

2 Focusing on Strategy to Govern Effectively Krishna Palepu 37

3 Managing Your CEO's Succession The Challenge Facing Your Board Joseph L. Bower 53

4 The Pay Problem Time for a New Paradigm for Executive Compensation Jay W. Lorsch Rakesh Khurana 77

5 Board Governance Depends on Where You Sit William George 97

6 Recognizing Negative Boardroom Group Dynamics Katharina Pick Kenneth Merchant 113

7 The Argument for a Separate Chair David A. Nadler 133

8 The Argument for a Lead Director Raymond Gilmartin 155

Index 175

About the Contributors 191

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