Corporate Board articles from May 1998

Corporate Board archives from May 1998

An investor's view of corporate governance.
May 1, 1998... No product, group of products, or service is so extraordinary that its make can prosper over the long run without excellent management. In the same vein, management excellence cannot be achieved without a truly superior CEO. On the other hand,...

The CEO succession crisis.
May 1, 1998... Succession management may be the most important responsibility of a board in exercising corporate governance. The CEO personifies leadership to all stakeholders; he or she embodies a company's values and aspirations. Changing the CEO is a...

Shareholder bylaws: a threat to the board?
May 1, 1998... One of the hottest battlegrounds emerging from the corporate governance movement today is the "shareholder rights bylaw." Investors have sponsored this device as a means of circumscribing the board of directors' historically unfettered discretion...

Should shareholders be involved in corporate decision making?
May 1, 1998... Three years ago, institutional investors pressured the board of directors of Kmart Corporation to fire Joseph Antonini, then chairman and CEO of the company. The market price of Kmart's common stock had declined significantly during Antonini's...

The board's fiduciary responsibility to market research.
May 1, 1998... "Who is going to buy the darn thing?" We ultimately measure a company's success by its ability to design and deliver standard products and services that others will buy, and at a profit. Why do some new products take off, while others don't...