Repair

Corporate CEO and Board Repair

Corporate CEO and Board Repair

Corporate CEO and Board Repair : There’s a great section on the New Yorker this week called “Board Stiff.” The author, James Surowiecki, makes the case that the company’s board is still not doing a good job of running a store for shareholders. Despite “reforms” such as increasing the number of outside directors and increasing the ethnic diversity of corporate boards, he argues, public company boards are still ineffective in anticipating problems or preventing business collapse.

The main reason, he says, is because board members still rely on their CEOs for information. There is no clear autonomy or ability to … Read More