There is a great deal of concern about the inadequacies of corporate governance. The authors explain the importance of the corporate form of business organization in the light of economic and market implications. They shed light on the legal obligations of directors, the nuances of board selection, and the available methods of board and corporate organization. There is discussion of the methods employed for the selection, performance appraisal, compensation, and succession planning for the CEO. There is coverage of the board's role in strategy formulation, related business plans, and the means employed to finance a corporation. The authors also examine how boards should deal with external events, such as hostile takeover attempts, shareholder activism, proxy fights, and class action lawsuits. Case studies, real-world examples and questions and exercises are included.
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