Are Kodak's Outside Directors Wrong to Desert a Sinking Ship?

Harvard Business Review Online, January 2012

2 Pages Posted: 6 Jan 2012

Date Written: 2012

Abstract

This commentary discusses that it is not unusual for non-executive directors to flee their companies in times of crisis and often for flimsy reasons, such as an increasing board workload.

To protect boards from disruptive director departures during tumultuous periods, they should: carefully gauge a director candidate's inherent interest in the firm, attitude toward the director role, and time availability, strengthen their members' commitment to the company by involving them in substantive work and facilitating interactions with different generations of directors and other personnel, and adopt a pragmatic approach when apportioning responsibilities and organizing their activities.

Keywords: board of directors, crisis management, corporate governance

JEL Classification: G34

Suggested Citation

Wong, Simon C. Y., Are Kodak's Outside Directors Wrong to Desert a Sinking Ship? (2012). Harvard Business Review Online, January 2012. Available at SSRN: https://ssrn.com/abstract=1980590

Simon C. Y. Wong (Contact Author)

Northwestern University School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States

London School of Economics

Houghton Street
London, WC2A 2AE
United Kingdom

HOME PAGE: http://www.lse.ac.uk/collections/law/staff/simon-wong.htm

Tapestry Networks ( email )

404 Wyman St.
Suite 225
Waltham, MA 02451
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
74
Abstract Views
732
rank
326,880
PlumX Metrics