This timely book argues that boards are being pressed to perform unrealistic duties given their traditional structure, processes, and membership. Carter and Lorsch propose a strategic redesign of boards-making them better attuned to their oversight, decision-making, and advisory roles-to enable directors to successfully meet twenty-first century challenges.
Based on the authors’ deep expertise and longtime experience working with boards around the world, and on a probing survey of CEOs, Carter and Lorsch help boards to develop a realistic value proposition customized to the company they serve. The authors explore the core dilemmas and responsibilities boards face, and outline a framework for designing the most effective structure, makeup, size, and culture.
This book provides a candid account of the current state of boards and points the way in a time of crisis and change.
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