Comments on: You’ve got to know when to go http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/ Wed, 06 Mar 2013 09:49:44 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Araes http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/#comment-46 Wed, 01 Feb 2012 18:55:19 +0000 http://blogs.reuters.com/lucy-marcus/?p=59#comment-46 “How about the company’s owners (i.e. shareholders) have much, much more say in who serves on corporate boards”

This. The entire article flies in the face of human logic, which is that board members are never going to “voluntarily” give up board positions unless there is a stick or a carrot for them to do so. You’re fighting human selfishness, and a job where you can be payed well while not needing to “carry your weight” is actually an ideal ratio of lots of reward for no work.

There needs to be clear transparency into who’s actually productive and useful on boards, and a structural incentive for shifting board composition. Its the same problem with asking bankers to voluntarily report white crime, unless there’s a substantial carrot, or a vicious stick, they’ll never do it because the internal cost-benefit judgement doesn’t support it.

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By: txgadfly http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/#comment-45 Wed, 01 Feb 2012 17:40:37 +0000 http://blogs.reuters.com/lucy-marcus/?p=59#comment-45 How about the company’s owners (i.e. shareholders) have much, much more say in who serves on corporate boards and on what proposals get presented for votes?

Corporate governance in the USA is about as well structured as the sub-prime mortgage market. They are both disasters. Self-governance has been a national disaster.

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By: MartinBrown http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/#comment-41 Wed, 01 Feb 2012 09:09:31 +0000 http://blogs.reuters.com/lucy-marcus/?p=59#comment-41 I would add:
when you are unable to make decisions through a Corporate Social Responsibility (CSR) lens, balancing Social, Environmental as well as Economic factors.

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By: GMAFB http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/#comment-39 Tue, 31 Jan 2012 21:52:22 +0000 http://blogs.reuters.com/lucy-marcus/?p=59#comment-39 Another reason to go: You’ve lost religion. You no longer believe and you’re the only one who feels that way.

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By: Dr_JAH http://blogs.reuters.com/lucy-marcus/2012/01/31/youve-got-to-know-when-to-go/#comment-38 Tue, 31 Jan 2012 17:21:45 +0000 http://blogs.reuters.com/lucy-marcus/?p=59#comment-38 More reasons for stepping off the board:
1) hooks and cutlasses at your back;
2) the waves are too big to ride;
3) you’ve just lost your knighthood.

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