MIT Sloan Management Review

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About the Research

January 1, 2007

There have been no comprehensive reports thus far on what companies learn during a board review. That’s mainly because the practice is relatively new and typically is conducted in-house. Recently, though, an increasing number of organizations have begun to seek outside assistance from firms such as ours. In fact, over the past five years we have conducted almost 100 third-party board reviews involving about 1,000 directors. The organizations involved cover a wide range of businesses, from large to small, both publicly listed as well as government and family owned, and based in every major industry sector. The companies are located on all continents, with the following countries highly represented: the United States, Canada, the United Kingdom, Germany, Belgium, Denmark, France, Italy, Switzerland, Australia and Singapore. When conducting a review, we deployed a comprehensive questionnaire that was typically followed up with extensive personal interviews of the individual directors. In aggregate, the data provide rich information about the various aspects of board performance, dynamics and behavior. (See “What Boards Know That Companies Don’t,” p.... To read the complete article, login or sign-up using the form below.

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