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Author:
Jay A. Conger, Edward E. Lawer 3 David L. Finegold
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Corporate boards are under fire. Investors, government agencies,
communities, and employees are scrutinising board's performance
and challenging their decisions like never before - and it is likely
that this attention will only increase. In Corporate Boards,
the authors explore the roles that corporate governance will play
in the 21st century organisation and identify the key practices
that make a board effective. Questioning the long-held assumption
that boards are solely responsible to shareholders, the authors
propose that the focus of judging a board's success should move
from a shareholder to a stakeholder point of view. The authors then
go well beyond the issue of board accountability; they examine boards
from a group and organisational effectiveness perspective and propose
a framework that centres on what really influences effective governance
behaviour - information, knowledge, power, rewards, and opportunity.
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