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Fine-tuning Board Effectiveness Is Not Enough

In: How to Make Boards Work

Author

Listed:
  • Lutgart Berghe
  • Abigail Levrau

Abstract

Defining governance and board effectiveness is not a straightforward exercise. In principle, boards are seen to be responsible for reaching the corporate goal and ambition. As an example, the Belgian corporate law states that it is the board’s duty (its reason for being) to do anything that is necessary in order to realise the corporate goal. Based on the fact that directors have been blamed (or even attacked) for not being able to prevent corporate collapses during the ‘Internet bubble’ or for the failures during the financial crisis, this seems to be the opinion of society as well.

Suggested Citation

  • Lutgart Berghe & Abigail Levrau, 2013. "Fine-tuning Board Effectiveness Is Not Enough," Palgrave Macmillan Books, in: Andrew Kakabadse & Lutgart Berghe (ed.), How to Make Boards Work, chapter 6, pages 153-183, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-27570-7_7
    DOI: 10.1057/9781137275707_7
    as

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