Book contents
- Boards of Directors in Disruptive Times
- Reviews
- Boards of Directors in Disruptive Times
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 The Changing Nature and Functions of Boards of Directors
- 2 Boards of Directors and Purpose
- 3 Boards of Directors in Corporate Strategy
- 4 The Role of the Board of Directors in Corporate Transformation
- 5 The Board in CEO and Senior Management Selection, Development and Succession
- 6 From Board Structure to Boards as Effective Teams
- 7 From Compliance to an Engaging Corporate Culture
- 8 Engaging Shareholders and Key Stakeholders
- 9 Assessing the Firm’s Overall Impact
- 10 Effective Boards of Directors for Better Corporate Governance
- References
- Index
4 - The Role of the Board of Directors in Corporate Transformation
Published online by Cambridge University Press: 16 November 2022
- Boards of Directors in Disruptive Times
- Reviews
- Boards of Directors in Disruptive Times
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 The Changing Nature and Functions of Boards of Directors
- 2 Boards of Directors and Purpose
- 3 Boards of Directors in Corporate Strategy
- 4 The Role of the Board of Directors in Corporate Transformation
- 5 The Board in CEO and Senior Management Selection, Development and Succession
- 6 From Board Structure to Boards as Effective Teams
- 7 From Compliance to an Engaging Corporate Culture
- 8 Engaging Shareholders and Key Stakeholders
- 9 Assessing the Firm’s Overall Impact
- 10 Effective Boards of Directors for Better Corporate Governance
- References
- Index
Summary
In the face of disruptive challenges, companies need to change. Chapter 4 explores the board’s role in the corporate transformation process when the pressure to change is intense, with particular emphasis on sustainability and digital transformation as two important drivers of major disruption. In many industries, climate change, the global pandemic and other potential natural disasters and growing geopolitical tensions add to this pressure to adapt and compel CEOs and senior managers to rethink their company’s strategy. Using the recent evidence of corporate transformations, I illustrate the unique role boards play in helping firms navigate this process, in collaboration with the CEO.
- Type
- Chapter
- Information
- Boards of Directors in Disruptive TimesImproving Corporate Governance Effectiveness, pp. 153 - 185Publisher: Cambridge University PressPrint publication year: 2022