Taking Care of Executive Legitimacy: A Neglected Issue of Corporate Governance

Reducing the mandate of top executives— and the broader undermining of top management functions—is no longer a good governance practice but rather an indicator of a crisis: that of the legitimacy of top management teams.

Presentation :

The reforms in corporate governance that were initiated in the 1990s and have accelerated in the current decade have contributed to a greater balance of power between shareholders and top executives, in particular by strengthening measures designed to keep the latter in check. Left to develop unchallenged, however, these reforms could weaken companies by denying their top management teams the chance to build up sufficient legitimacy to govern.

Companies can no longer afford to be without strong and competent top management; this is why it is time to consider the legitimacy of top management teams, this much-neglectedand even mishandleddimension of corporate governance. 

Pdf
Taking_Care_of_Executive_Legitimacy...
(-1.00 B)
Type : Position paper
Date : le 10/01/2009
Extra information :

For more information, please contact Séverine Anjubault, EDHEC Research and Development Department [ severine.anjubault@edhec.edu ]

The contents of this paper do not necessarily reflect the opinions of EDHEC Business School.

See Also

- 08-09-2017
Ranked 4th in France, EDHEC reinforces its position in the world’s Top 20 (16th place) in the 2017 Financial Times Master in Management Ranking, among prestigious international institutions...
- 30-08-2017
EDHEC welcomes students and participants who are back to school in the upcoming weeks. A positive and international atmosphere (more than 100 nationalities expected) shines through our...
Innovation with limited resources (Video)
- 18-08-2017
The article "Innovation with Limited Resources: Management Lessons from the German...
Station F successfully inaugurated in the presence of Emmanuel Macron and EDHEC
- 29-06-2017
EDHEC announced this May that it had joined Station F, the world’s biggest start-up...