 Summary of the BookMartin Hilb ()
Chapter 7 in New Corporate Governance, 2016, pp 161-169 from Springer Abstract: Abstract What’s “New” Based on the results of board evaluations conducted in various business sectors, the following main weaknesses of current corporate governance practices have been identified: Most national corporate governance guidelines propose a “one size fits all” approach which is dangerous; it may support good governance, but it does not guarantee that the governance of a firm will become great. There is a lack of strategic direction in much of board practice. Board selection, appraisal, remuneration and development often lack integration and professionalism, and Often there is a lack of in‐depth know‐how in controlling and risk management at the board level. To overcome these weaknesses, ″New Corporate Governance″ includes the following four recommendations: ″Keep it situational″: The board as a change agent ″Keep it strategic″: The board as a directing body ″Keep it integrated″: The board as a team ″Keep it controlled″: The board as a monitoring body Keywords: Corporate Governance; Board Member; Customer Loyalty; Supervisory Board; Corporate Governance Practice (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-662-49060-0_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-662-49060-0_7 Access Statistics for this chapter More chapters in Management for Professionals from Springer |
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