Customer Reviews

Corporate Boards that Create Value

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Shareholders today are becoming used to scanning the headlines for the most recent corporate disaster. Where were the boards that were theoretically looking after the shareholders' interests? While there has been much public moaning about the problems, most of the "solutions" being proposed are band-aid therapy, neglecting the root problems: lack of clarity about the role of governance, and lack of a systematic approach to ensure accountable governance while at the same time appropriately empowering management.

The Policy Governance model described in this book provides a solution. Boards that conscientiously apply the principles set out in the model can be confident that they are indeed fulfilling their fiduciary responsibility to their shareholders. This book provides the clearest, most straightforward and lucid explanation of the principles necessary to responsible governance that I have seen in my years of experience as a governance coach and consultant. I highly recommend it, not only to corporate boards, but to governing boards of any organization.

One common thread has connected the companies involved in the recent spate of high-profile corporate bankruptcies and scandals: The failure of boards of directors to control management. John Carver, an international consultant on corporate governance, explains the role of the board of directors and defines the proper relationship between the board and top management. To summarize: The board commands; management obeys. Since this is all too often not the case, we from getAbstract strongly recommend that everyone in business read this book for its essential advice on strengthening the authority and accountability of corporate boards of directors.