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The Twenty-First Century Boardroom: Who Will Be in Charge?
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By Paul B. Firstenberg and Burton G. Malkiel
Fall 1994
Reprint 3612
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Volume 36, Number 1, pages 27-35, 9 pages
Primary Topic: Leadership
Secondary Topic: Corporate Strategy
SummaryHow can a board of directors be strengthened so that it can more effectively evaluate a company's performance, assess its management, and act to change the course of a corporation? The authors suggest eleven steps to reform a board's character and fortify its monitoring function. Among them are composing a completely independent board, with no company employees except for the CEO; establishing a lead director; aligning management's and directors' compensation with shareholders' interests; and strengthening the audit committee. |
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Info
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