Advertisement

Summary of the Book

  • Martin HilbEmail author
Chapter
Part of the Management for Professionals book series (MANAGPROF)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  1. 1.International Center for Corporate GovernanceSt. GallenSwitzerland

Personalised recommendations