Boardroom INSIDER for… JULY

 

CORPORATE BOARDS – DOOMED TO FAIL?

 

(July, 2016) The July issue of online governance monthly Boardroom INSIDER notes that a recent academic paper finds that the world’s corporate board model of business is “designed to fail.” But BI publisher Ralph Ward writes “and that’s good news.”

BI’s July editorial comments on a paper by researchers at Texas A&M University suggesting that built-in conflicts and weaknesses mean corporate boards worldwide can never hope to fully monitor management and the company structure.

But “once we make peace with our corporate board model having built-in defects, we’ll be less like to pursue big, panacea fixes,” suggests Ward. Since corporate boards won’t “go away anytime soon, let’s try working with what we have,” by adding better corporate controls, improved board information and meetings, and greater use of outside advisors.

Also in the July Boardroom INSIDER:

pink Career moves after you gain that first board seat.
pink Is your board a built-in cyber-attack danger?
pink Shaking up your board evaluation.
pink Q&A: How is serving on a non-profit board different?