This Element is an excerpt from Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (9780132180269) by David Larcker and Brian Tayan. Available in print and digital formats.
A primer on what corporate board members should be doing: expert guidance on advisory and monitoring functions, compliance, fiduciary duty, independence, and more.
When asked what areas directors should pay most attention to, other than profitability and shareholder value, directors list future growth, risk management, and development of human capital as top priorities. Other areas of focus include cultural development, executive compensation, and compliance. Still, some evidence indicates that directors prefer advisory functions to monitoring functions….
- Title: The Duties and Liabilities of the Board of Directors
- Release date: April 2011
- Publisher(s): Pearson
- ISBN: 9780132821490
You might also like
Health Care in the United States: Organization, Management, and Policy
Health Care in the United States combines an explanation of population health with a comprehensive introduction …
In Focus/Leadership Philosophies: Study Finds a Sea Change in Leadership Approaches
Recently, there has been much discussion about the need for organizations to move from seeing leadership …
Rules Successful Companies Use to Attract and Keep Top Talent
Want people who care, engage, work hard, support your strategies, and deliver results? Start right here. …
The Perfect Corporate Board: A Handbook for Mastering the Unique Challenges of Small-Cap Companies
The first corporate governance book of its kind—written specifically for board members of smaller companies The …