inside the boardroom: how boards really work and the coming revolution in corporate governance - richard leblanc, james gillies
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inside the boardroom: how boards really work and the coming revolution in corporate governance
richard leblanc, james gillies
Synopsis "inside the boardroom: how boards really work and the coming revolution in corporate governance"
for the past two decades, and particularly in the recent years, the governance of corporations and boards of directors have been receiving great attention from regulators, researchers, shareholders, and directors themselves. legislation, codes, and guidelines for corporate governance practices are at an all-time high. the amazing thing about all this activity is that it has been based on very little knowledge about the relationship of corporate governance to corporate performance, and almost none about how boards actually work. paradoxically, while regulation of, and writing about, private sector boards have increased in a dramatic fashion, actual knowledge about how boards work has increased hardly at all. the reason for this is that boards are notoriously difficult to study. of all major institutions in society, they are probably the most closedfew board meetings, if any, are ever open to the public and it is seldom that outsiders are invited to attendso little is known about how and why boards make decisions. inside the boardroom does go behind the scenes to reveal the inner workings of boards of directors, interviews with directors, and a comprehensive investigation into boardroom processes and how boards and the individual directors who lead them make decisions. the conclusions reported in this book are based on richard leblancs in-depth five-year study of thirty-nine boards of directors. his investigation included attending board and committee meetings, and interviews with almost 200 directors who serve on boards in canada, the united states, and other countries. the boards studied include boards of for-profit companies from a range of industries, government corporations, and not-for-profit organizations.
