Making the cut: Surgery on the board

Victoria L. Crittenden, William F. Crittenden, Joseph M. Giglio and Andrew B. Crittenden

Business Horizons, 2017, vol. 60, issue 1, 67-75

Abstract: Intervention, such as that performed via surgical procedures, is necessary when a board of directors is not functioning as it should. Unlike medical procedures, members of a board of directors have to perform surgery on themselves for change to occur. Board surgery might require resizing the board, invoking term limits, establishing conflict of interest policies, and increased emphasis on board member competencies. This article describes the symptoms leading to the need for surgery and suggests that it is better to perform elective surgery rather than let problems reach the point of requiring emergency surgery.

Keywords: Corporate governance; Organizational leadership; Organizational change; Ethical leadership; Board term limits; Director responsibility; Corporate governance best practices (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:bushor:v:60:y:2017:i:1:p:67-75

DOI: 10.1016/j.bushor.2016.09.001

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