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Full Description
Disruptive change has clearly intensified in today's fast-paced business world. Why are boards of directors so ineffective in dealing with the threats inherent in every corporate governance system? In Better Boardrooms, Donner Prize winning author Patricia Meredith zeroes in on how boards can help manage uncertainty. Meredith outlines the specific corporate strategies that should be implemented in order to reduce the tremendous waste of resources - financial, human, intellectual, social, and environmental - that occurs when companies fail to respond effectively to forces that are so obviously surrounding them.
To regain the reputation of boards as vibrant enablers of economic growth, Better Boardrooms proposes that a broad cross-section - including policy makers and regulators, customers, suppliers, bankers, and investors - work together to create a system better suited to the business obstacles of the twenty-first century. Discussing how the current corporate system is flawed and in desperate need of a digitally focused restructuring, Better Boardrooms proposes a new model of governance, one based on dialogue and collaboration that ensures all relevant voices are heard and included. As boundaries between industries blur and stakeholders gain greater access to information, it is vital that boards of directors help set corporate strategy rather than simply approve it.
Contents
Preface: What Got Me Started...
1. CIBC: A Fork in the Road
2. A Broken System
3. When Seeing Is Not Believing
4. Confronting Reality
5. What Boards Should Do, but Likely Won't
6. Barbarians at the Gates
7. Transformation: Easier Said Than Done
8. The Information Age Changes Everything
9. A New Governance Model
Acknowledgments
Appendix A: Timeline for GE Post Trian Partners Presentation
Appendix B: Selected History of the Thomson Corporation
Notes
Index
