For the past five decades, boardroom corporate governance has been evolving through small, incremental changes. Now the traditional boardroom model is under siege from many disparate forces.
Forces like global product and service market shifts, geopolitical changes, challenging economies, capital market volatility and uncertainty, quarterly earnings and earnings season reports, active shareholders, proxy advisors, hedge fund activists, and, at times, shareholder expectations or demands for buybacks or dividend increases, all have growing impacts in the boardroom.
Piecemeal efforts to meet these forces have not been helpful to boards. The Millstein Center believes that board governance is now at an inflection point – a time when these forces will cause major shifts in the boardroom – which could be good and productive or, unplanned, could be less good and even harmful.
Learn more about the Millstein Center's work
Watch Ira Millstein's conversation with Fortune's Geoff Colvin about The Activist Director: Lessons from the Boardroom and the Future of the Corporation and Ira’s call for a new breed of “activist” directors who partner with management and reject short-term outlooks.