Part 3: 21C People
What will be the corporate boardroom in the 21st century? Three professors from the Center for Effective Organizations in the Marshall School of Business at the University of Southern California—Jay A. Conger, Edward E. Lawler III, and David Finegold—open this part of the book and have outlined how boards and their governance practices must change if they are to truly play a greater leadership role in the future. There are five important changes that Conger, Lawler, and Finegold think need to be made to transform boards into effective governance structures: (a) the board must ensure their own independence from management; (b) they must hold themselves accountable for the performance of their boardrooms through rigorous annual ...
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