The prevailing governance model is fundamentally adversarial, pitting board members in a never-ending struggle with executives. This model may ensure that the legal requirements of oversight and compliance are met, but it does little to advance the organization’s goals. The authors of this paper propose a new and more effective framework, one where board members and executives work together to advance the organization’s mission. You can find this article here.
By Raymond Fisman, Rakesh Khurana, & Edward Martenson