In the wake of the global financial crisis, restoring trust in the work of boards is crucial. Closing rifts between stakeholders and being open to positive change are two ways to move forward. Long-term success is at stake. Mission, values, leadership and transparent communication with stakeholders -- issue 21 of IESE Insight magazine addresses these and other themes related to good governance.
First, Harvard Business School’s Jay W. Lorsch reviews boardroom practices over the past 25 years and makes recommendations to meet future challenges.
IESE’s José M. Campa focuses on the importance of transparency and communication to improve governance.
Meanwhile, IESE’s Gaizka Ormazabal and Stanford’s Allan L. McCall expose potential problems with relying too much on proxy advisory firms.
Finally, IESE Dean Jordi Canals lists six items for the top of every board’s agenda to establish a clearer vision of the firm’s overarching purpose.
Elsewhere, negotiation expert Sheila Heen gives tips to turn the dreaded annual performance review into a genuine opportunity for learning and growth.
Felipe Caro and Víctor Martínez de Albéniz sew up the fast-fashion business model, suggesting its potential application to other industries.
Also in this issue: An interview with the president of Microsoft Asia-Pacific points to changes ahead in how we approach and use technology. A two-time Olympian shares tips for swimming against the tide. And three executives weigh in on Henkel’s ambitious sustainability goals.
IESE Insight is a quarterly research-based magazine. Its premium content is linked to articles from the IESE Insight knowledge portal, which contains research and teaching materials, opinion articles, business indices, audiovisual materials and an extensive database of more than 20,000 scholarly references.