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| Author: | Firstenberg, P. Malkiel, B. |
| Title: | The twenty-first century boardroom: who will be in charge? |
| Journal: | Sloan Management Review
1994 : FALL, VOL. 36:1, p. 27-36 |
| Index terms: | MANAGEMENT CHIEF EXECUTIVE OFFICERS BOARD OF DIRECTORS |
| Language: | eng |
| Abstract: | How can a board of directors be strengthened so that it can more effectively evaluate a company's performance, assess its management, and act to change the course of a corporation? The authors suggest eleven steps to reform a board's character and fortify its monitoring function. among them are composing a completely independent board, with no company employees except for the CEO; establishing a lead director; aligning management's and directors' compensation with shareholders' interests; and strengthening the audit committee. |
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