The Board of Directors: Legalistic Anachronism or Vital Force

The board of directors is legally entitled to play the major leadership role in an industrial organization; but the actual power and effectiveness of this time-honored institution varies greatly. The author explores the reasons for ineffectiveness and offers concrete suggestions on how boards of dir...

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Bibliographic Details
Published in:California management review 1972-04, Vol.14 (3), p.24-30
Main Author: HELLER, MILTON F.
Format: Article
Language:English
Subjects:
Boards of directors
Business management
Business structures
Committees
Consumer goods industries
Directors, Boards of
Effectiveness
Executive committees
Finance committees
Meetings
Outside directors
Power
Responsibilities
Shareholders
Subsidiary companies
Variances
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Summary:The board of directors is legally entitled to play the major leadership role in an industrial organization; but the actual power and effectiveness of this time-honored institution varies greatly. The author explores the reasons for ineffectiveness and offers concrete suggestions on how boards of directors may restructure and reconstitute themselves.
ISSN:0008-1256
2162-8564
DOI:10.2307/41164344