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  6 Items for the Top of Every Board's Agenda  Premium

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The role of boards of directors is in the spotlight. Can boards do a better job at protecting their companies? There's certainly good reason to think so. Today, some experts are calling for tougher regulations on boards and a larger role for shareholders in key strategic decision-making. Others advocate for more professional board directors. Neither of these solutions is enough. What is needed is a clearer vision of the firm's overarching purpose, as well as aligning and measuring its long-term success. Also required is a drastic rethink of how the board can add long-term value to the company it serves. Such changes will be necessary not only to shape up corporate governance practices, but also to safeguard the future of capitalism itself.

Tools and Frameworks:
> "Quality of Corporate Governance" identifies the areas that have emerged as key for improving corporate governance in the wake of the global financial crisis.
> "An Agenda for Boards of Directors" lists the items that need to be regularly considered by the board, both in the short term and the long term.

Examples Cited:
Hewlett-Packard, Barclays, Bank of America, Danone, Unilever, Telefónica, BBVA, Nestlé, Infosys

Research Basis:
Based on books and articles by the author, including Building Respected Companies (Cambridge).

About the Author:
Jordi Canals is IESE's Dean and Professor of Strategic Management and Economics.
This article is based on:  6 Items for the Top of Every Board's Agenda
Publisher:  IESE
Year:  2014
Language:  English
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