Board Performance: The Path to Corporate Governance

Author: (English) Garrett
Publisher:
Publish Date: 2005-09-01
Features: The 3 Major Myths of Corporate Governance
Myth 1: CEOs are Omnipotent
Myth 2: Directors Primarily Account to Shareholders
Myth 3: Directors are Divided into Executive and Non-Executive Directors
If you were to write a book about company directors, Bob Garrett would be the ideal author. The reason lies on one hand in his early warnings about most of the issues prevalent today, and on the other hand, frankly speaking, because he possesses exceptional writing skills and dares to conduct truthful and reliable analyses without fear of interference. The timely publication of this book is truly a blessing for readers like us. — Robert Monks, author of Power and Accountability
The current global corporate governance crisis in the business world is a (deformed monster) resulting from the combined factors of directors' incompetence, strategic failures, and greed. We must establish a system for the appointment, training, and improvement of directors, their moral cultivation, annual evaluations, and self-restraint, strictly distinguishing directorial capabilities from managerial capabilities. Regarding these aspects, this book provides scientific and practical solutions, rich in theory yet clear and easy to understand, making it a must-read for directors, managers, and MBAs.