New in Paper! The Activist Director!

Lessons from the Boardroom and The Future of the Corporation

The prescriptions I lay out in this chapter focus on a new type of director—a director who recognizes the imperative need for change. Directors, and value-driven shareholders who invest in the long-term future of the corporation, accept responsibility for selecting, retaining, and motivating management through the right incentives, and they want to, and are able to, partner with management to do what is in the best interests of the future of the corporation. That focus is missing today. I will urge that directors be chosen with the same care and diligence as is the case with choosing the CEO.