Conflicts in the Boardroom Survey : Results and Analysis
In the boardroom, disagreements are often unavoidable - especially when the board is composed of independent minded, skilled, and outspoken directors. A board that never argues or disagrees is most likely to be an inactive, passive, or inattentive...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/139041486639595439/Conflicts-in-the-boardroom-survey-results-and-analysis http://hdl.handle.net/10986/26116 |
| Summary: | In the boardroom, disagreements are
often unavoidable - especially when the board is composed of
independent minded, skilled, and outspoken directors. A
board that never argues or disagrees is most likely to be an
inactive, passive, or inattentive board - in other words, an
ineffective board that is neither fulfilling its oversight
function nor carrying out its duty of care. If boardroom
disagreements and or shareholder conflicts are not dealt
with properly, they can devolve into acrimonious disputes
that undermine a company’s operation and performance. Left
unchecked and unattended, these disputes escalate quickly
into public matters that can have severe, long-term
consequences for the company and its key stakeholders. These
disputes can lead to poor performance, scare investors,
produce waste, divert resources, cause share values to
decline, and, in some cases, paralyze a company. In 2012,
the center for effective dispute resolution (CEDR) and the
corporate governance group of the International Finance
Corporation (IFC) undertook a joint project to explore the
causes, nature, and methods of resolving corporate
governance disputes. As part of this ongoing project, CEDR
and IFC carried out a global survey. For more publications
on IFC Sustainability please visit www.ifc.org/sustainabilitypublications. |
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