This is the first detailed analysis of the internal working and the external relationships of the boards of Britain's leading companies. Responding to calls for greater scrutiny of boards, this book presents an in-depth examination of directors of UK public companies, a survey of company secretaries, and four case studies of UK PLCs (BAA, Burmah Castrol, Securicor, and Allied Domecq), finding boards to be important devices in maintaining the strategic framework of the organization.
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Philip Stiles is Senior Research Associate at the Judge Institute of Management Studies, University of Cambridge. He is executive editor of 'Long Range Planning'. Bernard Taylor is Professor of Business Policy at Henley Management College and Head of the Faculty Group in Strategy and International Business. He is the founder and editor of the journal 'Long Range Planning', and founding editor of the 'Journal of General Management'. Director of the European Council on Corporate Strategy, he is also the author of fifteen books on strategy and management developments. He has lectured widely both in Britain and internationally.
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Hardcover. Condition: new. Hardcover. Boards of directors are coming under increasing scrutiny in terms of their contribution in monitoring and controlling management, particularly in the wake of high-profile corporate frauds and failures, and also their potential to add value to organizational performance through involvement in the strategy process and through building relationships with key investors. Despite the importance of these issues, not only to organizations but also arguably to nationalcompetitiveness, the nature of board activity remains largely a black box, clouded by prescriptions, prejudices, and half-truths. This book responds to calls for greater scrutiny of boards of directors withan in-depth examination of directors of UK organizations, drawing on the accounts of directors themselves as to their roles, influence, and the potential and limits to their power. Much work on boards of directors has labelled the board as a rubber stamp for dominant management, and non-executive directors in particular have been variously described as poodles, pet rocks, or parsley on the fish. Such accounts are rooted in assumptions of board activity that are essentially adversarial innature, and that the solution to the 'problem' of reconciling the interests of managers with those of shareholders is to increase the checks and balances available to the board of directors. The findings ofthis study show that boards, in many cases, are far more than passive rubber stamps for management and that non-executives are encouraged to act as trusted advisers to the executives and the chief executive, rather than solely monitors of executive activity. Boards are important mechanisms in maintaining the strategic framework of the organization through setting the boundaries of organizational activity. The potential of the board members, in particular the non-executives, to fulfil such amandate depends on a number of factors, including ability, willingness to engage with the organizational issues, and the degree of knowledge they have relevant to the host firm. Above all, the degree oftrust built between members of the board, and between the board and key external constituencies, is at the heart of effective board behaviour. An analysis of the internal working and the external relationships of the boards of Britain's leading companies. This book presents an examination of directors of UK public companies, a survey of company secretaries, and four case studies of UK PLCs, finding boards to be devices in maintaining the strategic framework of the organization. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780198288763
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