search query: @author Kaufman, R. / total: 2
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| Author: | Montgomery, C.A. Kaufman, R. |
| Title: | The board's missing link |
| Journal: | Harvard Business Review
2003 : MAR, VOL. 81:3, p. 86-93 |
| Index terms: | Management Corporate governance Board of directors Corporate responsibility Organizational structure Public relations |
| Language: | eng |
| Abstract: | The causes of many corporate governance problems lie well below the surface, specifically, in critical relationships that are not structured to support the players involved, that is shareholders and directors. In other words, the very foundation of the system is flawed. Unless the structural problems are not corrected, surface changes are unlikely to have a lasting impact. The authors suggest several ways to improve the relationship between shareholders and directors: increasing board accountability, separating the positions of chairman and CEO, reinvigorating shareholders, and giving boards funding to pay for outside experts. When shareholders, management, and the board of directors work together as a system, they provide a powerful set of checks and balances. |
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