Compliance and Conviction
Ira M. Millstein is a legend in the corporate governance field. Paul W. MacAvoy is a prolific author and highly regarded authority on government regulation and corporate conduct. Simply put, this book is one of the best in its field. Another important corporate governance leader provides a rare inside glimpse into the corporate boardroom. To gain a perspective of an active leader in corporate governance, I highly advise you to read Compliance and Conviction: The Evolution of Enlightened Corporate Governance by Curtis J. Crawford, Ph.D. In his book, Dr. Crawford provides a historical perspective on the topic while focusing on succession planning, chief executive officer (CEO) supervision, executive compensation, and director independence. He discusses in detail the three types of boards typically found in the corporation and their directors. I think you will be enlightened.
Compelling!
As difficult as it is to make an argument regarding the economic impact corporate governance policies and procedures may have, this book makes a compelling arguement that good governance results in more profit. The combination of real life experience provided by Ira Millstein with the academic analysis produced by Paul MacAvoy's work presents different perspectives that arrive at the same conclusion. I enjoyed it. Necessary reading for anyone serious about corporate governance.
