The Activist Director: Lessons from the Boardroom and the Future of the Corporation (Columbia Business School Publishing)
| Author | : | |
| Rating | : | 4.20 (898 Votes) |
| Asin | : | 0231181345 |
| Format Type | : | paperback |
| Number of Pages | : | 240 Pages |
| Publish Date | : | 2013-01-12 |
| Language | : | English |
DESCRIPTION:
Driven by a desire for prosperity, not posterity, these actions can doom any company. Millstein looks back at fifty years of counseling companies, nonprofits, and governments to actively govern their corporations and constituencies. Thinking primarily about placating institutional investors, selective stockholders, proxy advisors, and corporate management, these inattentive and deferential board members have relied on short-term share price increases to sustain their companies long term. What questions should we ask of potential board members and how do we know they'll be active? Millstein offers pragmatic suggestions for recruiting activist directors to the boardroom to secure the future of the corporation.. From the threat of bankruptcy and the ConEd blackout of 1970s New York City, to the meltdown of Drexel Burnham Lambert in the late 1980s, to the turnaround of General Motors in the mid-1990s, Millstein takes readers into the boardrooms of several of the greatest catastrophes and success stories of America's best-known corporations. Some of the worst corporate meltdowns over the past sixty years can be traced to passive directors who favored operational shortcuts ove
He is an adjunct professor and founding chair of the Ira M. . Millstein is a senior partner in the international law firm of Weil, Gotshal & Manges LLP. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School and the author of several books, including The Recurrent Crisis in Corporate Governance (2003). Ira M
Powerful stories and lessons from THE world expert in how to make governing boards perform better for all of us Ira is the world's leading authority about corporate governance. His inside-the-boardroom anecdotes and insights from GM, the City of New York, New York State agencies, and other organizations are instructive for all of us who serve on boards, or who are shareholders of companies, or donors to not for profits, even to taxpayers and voters generally. His final chapter, in which he sets forth the personal attributes boards should look for in electing directors and board leaders, is tremendous. A very good insight into world of corporate governance A very good insight into world of corporate governance. This book is must-read for anyone invited to join a corporate board.. Not only does this book state the problems in the Not only does this book state the problems in the business world that impact all of us but the author puts forth cogent prescriptions for how to improve things. Well written and very timely.
Bogle, founder and former CEO, The Vanguard Group)For more than half a century, Ira Millstein has been a leading authority on corporate governance. By examining real-world examples based on his firsthand experience counseling boards, Ira Millstein offers unique and imaginative solutions to the problems corporations face in today's rapidly changing global marketplace. Millstein aims to drive a stake into director passivity, and create a new model for the activist director. Mr. (Value Walk)The Activist Director takes readers into the boardrooms of several of the greatest catastrophes and success stories of America's best-known corporations. (Richard Parsons, former chairman and CEO, Time Warner, Inc.)For more than six decades, Ira Millstein has had an important seat in the boardrooms at some of our world's most iconic corporations. (John C. It is a grand and important vision. (Sanford I. (<