According to the author, we are in the center of tectonic plate movement in the financial world that is shaking the real world "is pretty harsh. Purpose of this article is not to review the causes and longevity for the 2008-2009 financial crisis, but to explore the curious things in the world of publicly traded Company, the Board of Directors once again let the public down. Complicating matters that, as a change in the balance of the role of directors takes the form after the Sarbanes-Oxley Act, the expected reforms in the area of risk management and compensation again challenge the director effectiveness. While the board never will be able to predict the future, the author argues that they can become more effective tools to assist management to develop credible and effective strategy if they do three things: to take responsibility for their own agenda, manage your time effectively against the three time horizons ( past, present and future), and continually assess their performance against best practice.
This article Rotman Magazine. «Hide
by David Beatty Source: Rotman School of Management, 5 pages. Publication Date: September 1, 2009. Prod . #: ROT095-PDF-ENG
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