Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 16.01.2007
Length: 5 pages
Data source: Generalised experience
Topics:
Corporate governance; Board of directors
Abstract
Elicore''s CEO (chief executive officer) implemented a successful and rapid growth strategy after mastering a challenging turnaround of business. Over the years he became the sole source of power and information in the company. The new chairman is faced with open hostility from the CEO when he suggests an improved corporate governance system. Can he get the board of directors, board of management and stock market on his side?
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Abstract
Elicore''s CEO (chief executive officer) implemented a successful and rapid growth strategy after mastering a challenging turnaround of business. Over the years he became the sole source of power and information in the company. The new chairman is faced with open hostility from the CEO when he suggests an improved corporate governance system. Can he get the board of directors, board of management and stock market on his side?