Forty proposals to strengthen: The public company Board of Director’s role in value creation; management accountability to the Board; and Board accountability to shareholders

• Published in: International journal of disclosure and governance Vol. 10; no. 4; pp. 295 - 310
• Main Author: Leblanc, Richard
• Format: Journal Article
• Language: English
• Published: London Palgrave Macmillan UK 01-11-2013; Palgrave Macmillan
• Subjects: Accountability; Accounting/Auditing; Activists; Advisors; Appointments & personnel changes; Boards of directors; Business and Management; Chairman of the board; Chief executive officers; Committees; Compensation; Corporate Finance; Corporate Governance; Decision making; Equity; Leadership; Meetings; Original Article; Performance management; Private equity; Public companies; Recruitment; Responsibilities; Roles; Shareholder activism; Special counsels; Stockholders; Succession planning; Value creation; corporate performance; shareholders; shareholder activism; value creation; Board of Directors
• ISSN: 1741-3591; 1746-6539
• DOI: 10.1057/jdg.2013.29

The following provides recommendations for public company Board reform to focus on value creation; to increase independence from company management; and to increase Board effectiveness and accountability to shareholders, for discussion and feedback purposes. The author is grateful to Henry D. Wolfe for his review of this article, to James E. Nevels for his discussion on the concept of ‘Office of the Chairman’ and for feedback provided by the author’s LinkedIn group ‘Boards and Advisors’.