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Tag: International Institute for Management Development (IMD)
Reforming the board’s composition proved to be essential for the turnarounds at Credit Suisse and UBS. But in both cases it took a severe crisis to provoke the reform. Will other companies learn to reform their boards before they are hit by a crisis? Or will the old maxim continue to apply: no change without a crisis? Paul Strebel proposes five requirements to encourage healthy corporate governance.
For three decades, we have all watched China grow into an economic powerhouse – slowly, at first, and now full-fledged – in an unprecedented, consistent, monotonic success story. However, its continued growth might be short-lived, writes Bill Fischer.