Lessons from family or controlling shareholder companies

I was surprised to hear at the Yale Governance Forum that the controlling shareholder of a public company thought the independent directors had enormous clout on the board. The company cannot afford for them to resign and risk losing the confidence and credibility of the market, so they actually have as much if not more influence than independent directors of a widely held public company. Very different take on the role of independent directors on a controlling shareholder company.

Advertisements

About hopsuz

Experienced leader, both as CEO and as board Chair. Founder of the 25 year old The Hopgood Group, LLC. Co-author of the award winning "Board Leadership for the Company in Crisis". Consultant to companies large and small. Expertise in board evaluations and leadership challenges.
This entry was posted in Board Leadership, Culture / Ethics and tagged , , , , . Bookmark the permalink.

One Response to Lessons from family or controlling shareholder companies

  1. I was surprised o hear it, too. I’m still not sure if I believe it . . .

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s