Joint venture boards - compared with widely held companies - may prove more amenable to changes in corporate governance theory that significantly alter traditional patterns for directors, chairmen, and chief executive officers. Parent companies' control over directors is more direct than that...

The job of the board of directors is the least developed element in enterprise, whether public, business, or nonprofit. Incorporating insights from Mill, Hume, and the social contract philosophy of Rousseau, as well as the servant-leadership concept of Greenleaf, the author's Policy Governance®...

Corporate governance exists for one reason and one reason alone: to ensure that shareholders' values, as informed by knowledgeable agency, are transformed into company performance. To the extent a board fails in this, no matter how many other useful things it accomplishes, it has failed. To the...