The Faces of Disaster

Gerry Brown () and Randall S. Peterson ()
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Randall S. Peterson: London Business School

Chapter 2 in Disaster in the Boardroom, 2022, pp 29-45 from Springer

Abstract: Abstract Board failure is not just a British or an American problem. Our research covers board failure in major corporate scandals over the past forty years involving companies from Japan, Sweden, Iran, Malaysia, China, Brazil, India, Nigeria, Angola and Australia. This is also a problem that cuts across sector barriers. From financial services to resource extraction, high-technology to catering, Silicon Valley start-ups to firms with a century and more of history behind them, no sector or type of company is exempt. National and sector cultures are not responsible for scandals and failures, or at least not solely. Board and organizational culture, however, play a defining role, and no place has a monopoly on dysfunctional company culture and scandals ranging from bribery, fraud, abuse of power and environmental disaster. In this chapter we show that corporate scandals and disasters take many forms, but the causes are depressingly similar and preventable.

Keywords: Organizational culture; Corporate scandals; Business failure; Good governance; NED (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-91658-9_2

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DOI: 10.1007/978-3-030-91658-9_2

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