Black Box of Governance

<p>In the world of corporate governance the board of directors is often viewed as the black box of companies: only the board members who are seated at the meeting table understand how this decision-making machine works. In this book a board member with over 25 years’ experience pulls off the lid and shows both how boards have worked and how they could work.</p><p>This book is grounded in extensive research in three different surveys: one with more than 100 Brazilian directors another with 340 board members from 40 countries and a final one with 103 Brazilian directors serving on 238 boards. It also includes interviews with Ira Millstein Sir Adrian Cadbury Robert Monks and Mervyn King. The inner-workings of the board of directors are revealed: </p><p>• What keeps directors awake at night </p><p>• Obstacles to efficient decision-making </p><p>• Behavioral dynamics both within the board and in relation to the management</p><p>• Pitfalls that arise from individual and group biases</p><p>Based on these insights and the author’s own consulting and board experience the book presents a guide to behavioral tools enabling directors and executives to confidently navigate the boardroom improving interactivity and the efficiency of the decision-making process. Intended for directors and executives who are directly involved in the board's activities as well as for leaders responsible for strategy implementation this book provides a behavioral compass for all those interacting with the black box.</p>