RECHERCHE ET PUBLICATIONS

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.

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
Complément d'informations

For more information, please contact Séverine Anjubault, EDHEC Research and Development Department [ [email protected] ]

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

A voir également

L'EDHEC dans le Top 10 mondial du classement FT Executive Education 2022
Actualités
- 23-05-2022
Sur le marché international de la formation continue, le Financial Times confirme l'...
L’EDHEC s’associe à VIVATECH 2022 et offre 400 places aux étudiants EDHEC
Actualités
- 20-05-2022
L’EDHEC est à nouveau partenaire de l’événement tech incontournable de l’année, Viva...
L’EDHEC, 4e grande école en France selon le Palmarès du Parisien 2022
Actualités
- 19-05-2022
Comme chaque année, Le Parisien s’interroge : ‘Quelles sont les meilleures grandes...
(Invitation) Inauguration de la Chaire Management in Innovative Health - 30 mai 2022, Paris
Actualités
- 17-05-2022
Emmanuel Métais, Directeur général EDHEC Business School et Christophe Durand, General...