October 2026
288 pages
6h 32m
English
Since you represent owners or investors when serving as a director of a company, you have a commitment to represent their thinking even if you are not tightly bound by it. As in any democratic process, elected directors appreciate and acknowledge constituency preferences while at the same time applying independent judgment regarding which practices and decisions are best for the enterprise. You are an informed agent but also a sovereign delegate.
In that detachment, however, is the danger of indiscipline. Directors should and usually do listen to their largest investors and their most powerful stakeholders, thinking strategically and deciding decisively in ways that respond to owner interests but also ...
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