| | |
| Summary |
| Please note: The McKinsey Quarterly has agreed to a special arrangement for CEOExpress members that allows member access to their articles. Articles must be clicked on directly through the links below to gain access to this group of articles.
|
The view from the boardroom
Many board members are frustrated by their companies' excessive focus on short-term financial performance and would prefer to devote more time to long-term issues, such as strategy and leadership development, according to a McKinsey survey of more than 1,000 directors around the world. The survey also found that directors sometimes lack the information needed for sound decision making and may not understand the objectives and risks of their companies.
The take-away: Board oversight will improve only if directors can develop a more comprehensive picture of the performance of their companies and learn to participate more deeply in discussions about strategy and leadership.
Articles provided by The McKinsey Quarterly
© 1992-2003 McKinsey & Company, Inc
|
|
|
