Finally the nefits of two opposing leadership structures are . Idebat one chapter argues for electing a chairman who is separate from the CEO . Iwhile another makes the case for a lead director to serve as a liaison tween the other board memrs and the CEO. As clear cut as these subjects may seem the underlying question as Lorsch sees it is far more complex.
What is the broader mandate
Of business in the context of today s society Nobody has a monopoly on what the truth is in that realm he says. Lorsch is the Louis Kirstein Professor Turkey WhatsApp Number Data of Human Relations at HBS where he has taught and research for over years. He is the author of many articles and books about boards of directors including Pawns or Potentates The Reality of America s Corporate Boards with Elizath MacIver and Back to the Drawing Board Designing Corporate Boards for a Complex World with Colin B. Carter. Read an excerpt from The Future of Boards. Julia Hanna You ve en studying board dynamics since the s. What is a trend that you ve seen developing more recently Jay Lorsch.
I do think there a movement
Away from maximizing shareholder value as the primary focus and motivation for a corporation s existence and toward a growing recognition that Lebanon Phone Number List companies are economic institutions that provide nefits to many constituents in the form of salaries and goods and services as well as returns to investors. So the question comes what is the board s responsibility in that context Q in the book s first chapter shows that directors are really wrestling with that question. A In eight senior memrs of the HBS faculty all of whom serve on boards themselves agre to interview five directors each.
