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Taking Back the Boardroom: Understanding your Duties as a Director

In: Taking Back The Boardroom Thriving as a 21st-Century Director

Author

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  • PHILLIP H. PHAN

    (Rensselaer Polytechnic Institute, USA)

Abstract

The following sections are included:How the Firm is Defined and Why is that Important for DirectorsHow does the Firm Perform its Productive Function?The Relationship Between Managers and ShareholdersThe agency problemManaging the agency problemThe external control of the firmExternal control or the board of directors: which is better?The Duties of the DirectorDischarging your duties as a directorThe Non-Executive Director: Key to Board Independence$64 million question: So what IS director independence?Sarbanes-Oxley Act of 2002Personal accountabilityEnhanced disclosureThinking Points

Suggested Citation

  • Phillip H. Phan, 2007. "Taking Back the Boardroom: Understanding your Duties as a Director," World Scientific Book Chapters, in: Taking Back The Boardroom Thriving as a 21st-Century Director, chapter 1, pages 1-32, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781860948565_0001
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