Building a Better Board Book
10 Pages Posted: 5 Oct 2017
Date Written: October 9, 2017
Board members rely on information provided by management to inform their decisions. Unfortunately, some research calls into question the adequacy of the information the board members receive and, by extension, the quality of decisions they are able to make. Based on observations by ValueAct Capital, this Closer Look examines shortcomings that plague corporate board books and provides recommendations for remedying them.
• In general, what is the quality of information that public company directors receive?
• What can board members do to improve information quality and presentation?
• What are the institutional impediments standing the way improving board books?
Keywords: Board Presentations, Board Books, Strategic Decisions, Strategy, Investment Decisions, Cost Accounting, Managerial Accounting, Allocation of Expenses, Board of Directors, CEO Compensation, Corporate Governance Research
JEL Classification: G3, G30
Suggested Citation: Suggested Citation