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Book
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Chapter
The Current Crisis
In the space of less than twelve months in 2001–2, more than a quarter of the largest corporations in the American economy experienced downturns in current sales revenues or prospects for future revenues that ...
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Chapter
The Ambivalent Results of Extant Research on the Impact of Strong Governance on Corporate Performance
The ‘effectiveness’ of boards has been the subject of numerous investigations by analysts and financial experts. They have not resulted in a consensus position. The studies have centred on major events such as...
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Chapter
Introduction and Summary
With fits and starts, the current governance crisis has been 30 years in the making. The decline in performance of the over-diversified, overstaffed corporation in the 1980s was marked, and blamed on managemen...
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Chapter
The Emergence and Development of the Governance Problem
Any discussion of faults in governance has to begin with an explanation of the corporation’s ultimate purpose: that is, the criteria by which the corporation’s performance and success are to be measured. Throu...
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Chapter
Proposals for Reform of Corporate Governance
The faults in governance and ensuing corporate performance in two different eras, the 1980’s conglomeration and the 1990 stock price localations provide the basis for proposals that we believe will enable boar...