Summary of the Book

Abstract

Based on the results of board evaluations conducted in various business sectors, the following main weaknesses of current corporate governance practices have bee n identified:

- most national corporate governance guidelines propose a “one size fits all” approach which is dangerous; it may support good govern ance, but it does not guarantee that the governance of a firm will be come 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 board level.