Published by:
Harvard Business Publishing
Length: 6 pages
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https://casecent.re/p/46979
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Abstract
The large public corporation depends on patient capital, which depends on conscientious boards of directors. Unfortunately, prosperity has allowed boards to grow complacent. Explosive developments in information technology, flexible manufacturing, global markets, workplace democracy, and pension-fund capitalism have shaken the corporate world. A variety of measures can be used to reinvigorate corporate boards, reduce their fear of fiduciary liability in the investment of pension-fund monies, and encourage pension-fund investors to take a more active role in the direction of the companies whose stock they own.
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Abstract
The large public corporation depends on patient capital, which depends on conscientious boards of directors. Unfortunately, prosperity has allowed boards to grow complacent. Explosive developments in information technology, flexible manufacturing, global markets, workplace democracy, and pension-fund capitalism have shaken the corporate world. A variety of measures can be used to reinvigorate corporate boards, reduce their fear of fiduciary liability in the investment of pension-fund monies, and encourage pension-fund investors to take a more active role in the direction of the companies whose stock they own.