Strong Managers, Strong Owners: Corporate Governance and Strategy

ISBN-13: 9781107044203 / Angielski / Twarda / 2013 / 228 str.

Harry Korine

Opis

The family firm preparing generational change, the partnership that welcomes new partners, and the shareholders of a firm that chooses to go public are making decisions that will have an impact on strategy and management. Conversely, a change in strategy such as a move to diversify or a decision to take on more risk in a business can make the firm more attractive to some shareholders and less attractive to others and is therefore not ownership neutral. Opening the black box of agency theory, Korine and Gomez show how management and ownership interact to shape the strategy of the firm. In their view, the critical question to ask is not what is the best strategy, but rather, who is the strategy for? With numerous detailed examples, Strong Managers, Strong Owners is an invaluable resource for company owners, board members and executives, as well as their advisors in strategy and governance.

Recenzje

'A must-read for business leaders. This book tackles the challenge of managing the evolution of business and the inevitable tension between those who own the company and those who manage it. The inflexion point is the board. Accepting that change is a constant becomes a requirement to make strategic decisions.' Luis Novella, Chairman, Institute of Directors in France, and Managing Director, Invyctus Group

Spis treści

Foreword Hwee Hua Lim; Introduction; Part I. Changes in the Identity of Ownership and Management: 1. Change in ownership; 2. Change in management; Concluding remarks; Part II. Changes in the Form of Ownership and Organization: 3. Change of legal structure; 4. Change of organizational structure; Concluding remarks; Part III. Changes in Strategy: 5. Corporate and business strategies; 6. Despite failure, NO change in ownership, management, or strategy; 7. Because of success, reinforcement of ownership, management, and strategy; Concluding remarks; Part IV. Implications for Corporate Governance: 8. The board of directors; Conclusion – strategy for whom?; Index.