Based on the authors' first-hand experiences, as well as interviews with board members and chairs of myriad international organizations, this highly practical and accessible book explores how boards can become more proactive and collaborative to thrive in modern business.
Corporate boards as fiduciaries are responsible for delivering maximum value and the highest standards of care. The persistent misconception that boards should be driven primarily by shareholder value will soon be an outdated one, and boards that continue to apply narrow interpretations of value and care are unlikely to survive.
This book reveals a future-proofing opportunity for courageous boards to redefine value and care for employees, consumers, communities, society, the environment, and shareholders. There is no point in trying to reframe value and care for a wider range of audiences if boards don't have the right capabilities and attitudes themselves.
Boards that Dare invites boards to challenge shortcomings in their own ability, understanding and courage. The book shows how boards embracing this new kind of broadened fiduciary dynamism will become future-proof and realize sustained shareholder value as an output.
Based on the authors' first-hand experiences, as well as their own research and interviews with board members and chairs of international private, public and not-for-profit organizations, this highly practical and cutting-edge book delivers the necessary solutions on how to future-proof today's boards.
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About the Author
Marc Stigter is an international strategist who works with organizations on unlocking critical commercial insights and strategies. He is an Honorary Senior fellow at the University of Melbourne's Graduate School of Business and Economics, and Associate Director at Melbourne Business School.
Sir Cary Cooper is the 50th Anniversary Professor of Organisational Psychology and Health at Manchester Business School, and also Chair of the Academy of Social Sciences. In 2014, he was awarded a knighthood in the Queen's Birthday Honours List for his services to social sciences.
Table of Contents
About the authors ix
1 The case for future-proofing 1
2 Boards that CAN 25
3 Boards that KNOW 47
4 Boards that WANT 73
5 Boards that ARE 93
6 Boards that DARE 113
7 Reframing value and care 133