Ending the Board Game: New Leadership Solutions for Companies

Jay A. Conger

Events in corporate America have exposed some failings in the way most companies are led. When the CEO is also the chairman of the board, there is no effective system of checks and balances to ensure not only successful performance but also integrity. However, there are alternatives.

The accounting and fraud scandals in the first decade of the millennium at Enron, WorldCom, Global Crossing, Tyco, and other companies raise a critical question: why did their boards of directors fail to take a strong leadership role and preempt these disastrous outcomes? After all, a board has a legal responsibility for the management of its company. There are numerous reasons why the boards ...

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