Chapter 8. Governing Corporations
Corporate boards are changing. The accounting scandals of the last decade have increased the pressure on corporate boards to behave ethically and provide accurate financial data to shareholders. Large shareholders are demanding that boards hold management accountable for corporate performance. Without question, corporate boards have become more effective and independent of management. [99] But to date, most of the changes in how boards operate have been driven by the need to comply with Sarbanes-Oxley regulations and stock market listing requirements. Little change has occurred in how boards contribute to organizational effectiveness. This needs to change.
Boards of directors certainly can and should make an important ...
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