Peter Whitehead reports on the most notable findings from our series of debates called “The Board is Dead; Long Live the Board” as part of the FT's Executive Appointments’ “Better Boards” series.
A gathering of chief financial officers listed only two reasons for board failure: a lack of honesty, or undisclosed self-interest.
One participant said: “We have invested in more than 40 businesses since we set up our private equity firm – all of which are distress turnround situations. And yet only three have failed under our watch. Where we failed it was because of a lack of honesty, undisclosed self-interest – in essence, poor information”...
Click here to view the FT article.