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312 result(s) for "Useem, Michael"
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Corporate leadership in a globalizing equity market
Long constrained by their national boundaries, institutional investors are discovering an outside world of higher returns and lower risks. Company executives are also learning that foreign investors are able to provide more capital at lower cost. The globalization of equity markets is a product of the 1980s. Governments are opening their markets to foreign investors; investors are diversifying their portfolios; and companies are scouting for new holders. In response, firms are restructuring their operations to enhance shareholder returns, redefining management relations with foreign shareholders, and revising management compensation to align with global investor interests. Company executives are mastering new leadership skills for operating in an environment increasingly defined by a relatively small number of large international stockholders.
Boards that lead : when to take charge, when to partner, and when to stay out of the way
\"A Call to Leadership. The role of the corporate board has changed. Today's smartest CEOs have used this to their benefit. But increased board control and involvement also has its downsides. This book, from three leading experts in the field, serves as a guide to help take advantage of board oversight while avoiding the pitfalls. Boardroom veterans Ram Charan, Dennis Carey, and Michael Useem have this to say to today's leaders: Chief executives must run the corporation, but directors must also lead the corporation on the most crucial issues. Monitoring and governance matters, but the time has come to rebalance the responsibilities of the board. Directors need to know when to take charge, when to partner, and when to get out of the way. Charan, Carey, and Useem describe this emerging trend and argue that its overall impact on business performance will be positive. They offer a new roadmap both to CEOs and directors so that senior executives can better balance board oversight with their day-to-day operations of the firm, and directors have a better understanding of when to lead, when to partner, and when to stay out of the way. Based on work with and study of board leaders and chief executives of Fortune 500 firms across the globe, Boards that Lead is that new roadmap, showing what this new partnership model of leadership looks like-and how to make it work. \"-- Provided by publisher.
Leadership Dispatches
On February 27, 2010, Chile was rocked by a violent earthquake five hundred times more powerful than the one that hit Haiti just six weeks prior. The Chilean earthquake devastated schools, hospitals, roads, and homes, paralyzing the country for weeks and causing economic damage that was equal to 18 percent of Chile's GDP. This calamity hit just as an incumbent political regime was packing its bags and a new administration was preparing to take office. For most countries, it would have taken years, if not decades, to recover from such an event. Yet, only one year later, Chile's economy had reached a six percent annual growth rate. In Leadership Dispatches, Michael Useem, Howard Kunreuther, and Erwann Michel-Kerjan look at how the nation's leaders—in government, business, religion, academia, and beyond—facilitated Chile's recovery. They attribute Chile's remarkable comeback to a two-part formula consisting of strong national leadership on the one hand, and deeply rooted institutional practices on the other. Coupled with strategic, deliberative thinking, these levers enabled Chile to bounce back quickly and exceed its prior national performance. The authors make the case that the Chilean story contains lessons for a broad range of organizations and governments the world over. Large-scale catastrophes of many kinds—from technological meltdowns to disease pandemics—have been on the rise in recent years. Now is the time to seek ideas and guidance from other leaders who have triumphed in the wake of a disaster. In this vein, Leadership Dispatches is both a remarkable story of resilience and an instructive look at how those with the greatest responsibility for a country, company, or community should lead.
Opening the black box
Corporate governance research suggests that boards of directors play key roles in governing company strategy. Although qualitative research has examined board–management relationships to describe board involvement in strategy, we lack detailed insights into how directors engage with organizational members for governing a complex and long-term issue such as product innovation. Our multiple-case study of four listed pharmaceutical firms reveals a sequential process of board involvement: Directors with deep expertise govern scientific innovation, followed by the full board’s involvement in its strategic aspects. The nature of director involvement varies across board levels in terms of the direction (proactive or reactive), timing (regular or spontaneous), and the extent of formality of exchanges between directors and organizational members. Our study contributes to corporate governance research by introducing the concept of board behavioral diversity and by theorizing about the multilevel, structural, and temporal dimensions of board behavior and its relational characteristics.
From Classwide Coherence to Company-Focused Management and Director Engagement
Abstract Defining features of the American corporate apex have evolved in recent decades from a modest classwide coherence to a more dispersed amalgam of company-focused management and then to greater director engagement in company leadership. The rise of institutional investing had moved executives and directors to focus more on the specific interests of their own firms and less on their common concerns. More recently, the nation’s borders that have long defined its business elite have been giving way to an elite-ness transcending those boundaries. While the classwide sinews of the American business elite are diminishing within the United States, we find evidence that they have at the same time been strengthening with other national business elites to create a transnational informal network with a modicum of global coherence.
The Inner Circle
This book provides a sophisticated and informative analysis of the 'inner circle' of top American executives who play a leading role in the international corporate network by promoting a political environment favourable to all business.
The Inner Circle
This book delineates the \"inner circle\" of top executives who play a leading role in the international corporate network by promoting a political environment favorable to all business.