It's OK to Give Shareholders Access to Outside Directors

Harvard Business Review Online, July 2013

2 Pages Posted: 6 Jul 2013

Date Written: 2013

Abstract

In recent years, institutional shareholders in US companies have started demanding direct access to non-management board members in order to assess the quality of board stewardship. Although some firms have relented, many continue to resist.

This commentary explains why it is important for shareholders to engage with a broad cross-section of non-executive directors, and seeks to allay concerns that outside directors may inadvertently divulge inside information and a diversity of opinions expressed would suggest a dysfunctional board.

Keywords: corporate governance, company-shareholder engagement, board of directors

JEL Classification: G34

Suggested Citation

Wong, Simon C. Y., It's OK to Give Shareholders Access to Outside Directors (2013). Harvard Business Review Online, July 2013. Available at SSRN: https://ssrn.com/abstract=2290063

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

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