Is your firm's board creating value--or destroying it? Change is coming.
Leadership at the top is being redefined as boards take a more active role in
decisions that once belonged solely to the CEO. But for all the advantages of
increased board engagement, it can create debilitating questions of authority
and dangerous meddling in day-to-day operations. Directors need a new road
map--for when to lead, when to partner, and when to stay out of the way.
Boardroom veterans Ram Charan, Dennis Carey, and Michael Useem advocate this new
governance model--a sharp departure from what has been demanded by governance
activists, raters, and regulators--and reveal the emerging