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The Corporate Board: Confronting the Paradoxes
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About The Corporate Board: Confronting The Paradoxes
Product Description Written for practitioners, this book addresses corporate governance and the role of the board of directors in multinational corporations. Throughout the world, corporations are experiencing the second major transition in corporate governance of this century. The nature of the relationship between the corporation and the rest of society is changing fundamentally. The corporate board has unique responsibilities during this transition, but as it tries to respond directors are faced with destabilizing paradoxes: resolving who is in control--management or the board, achieving critical judgment while maintaining detachment, and avoiding becoming either a cozy club or a collection of all-stars. This book, based on interviews with 71 directors serving on more than 500 boards in eight countries, shows the nature of the challenges and suggests ways to analyze and confront them. This major international study compares the experiences of board members in Canada, Finland, France, Germany, Great Britain, the Netherlands, Switzerland, and Venezuela. Review "A comprehensive international survey of how boards work and the problems they face....The discussion of the paradoxes, and the various solutions to them, is comprehensive, well-structured and illuminating....Fascinating and important."-- Long Range Planning "A breakthrough in management research."-- The Financial Times "Merits highest recommendation for its unique perspectives and for its ambitious approaches to fundamental issues in management."-- Choice "[A] stimulating book assessing board practice and structure in Britain, Germany, France, Finland, The Netherlands, Switzerland, Canada, and Venezuela. The authors, both Swiss academics with wide experience of international companies, write elegantly (a distinct bonus in such a book)....[A] timely and valuable contribution to the corporate governance library."-- Director "This is a handbook for directors which will give guidance and spark new thinking on the organization and structure of boards. Maybe one day boards will be persuaded to evaluate their own performance. It's all in this book!"--Sir Anthony Pilkington, Chair, Pilkington PLC From the Back Cover Throughout the world, corporations are experiencing the second major transition in corporate governance of this century. The nature of the relationship between the corporation and the rest of society is changing fundamentally. The corporate board has unique responsibilities during this transition, but as it tries to respond directors are faced with destabilizing paradoxes: resolving who is in control--management or the board, achieving critical judgment while maintaining detachment, and avoiding becoming either a cozy club or a collection of all-stars. Written for practitioners, this book addresses corporate governance and the role of the board of directors in multinational corporations. Based on interviews with 71 directors serving on more than 500 boards in eight countries, this book highlights the nature of the challenges and suggests ways to analyze and confront them. This major international study compares the experiences of board members in Canada, Finland, France, Germany, Great Britain, the Netherlands, Switzerland, and Venezuela. Based on practical experience, The Corporate Board will prove indispensable to executive and non-executive directors, corporate secretaries, bankers, institutional investors, policymakers, stock brokers, and specialists in mergers and acquisitions, as well as academics and stockholders concerned about corporate accountability. About the Author Ada Demb is at Ohio State University. F.-Friedrich Neubauer is at International Institute for Management Development. Adrian Cadbury is at former Chairman, Cadbury Schweppes Ltd..
