Strong Managers, Strong Owners

Corporate Governance and Strategy

Harry Korine, Pierre-Yves Gomez

• Publisher: Cambridge University Press
• Year: 2013
• Print ISBN:
  9781107044203
• eBook ISBN:
  9781107597341
• Topic: Business
• Subtopic: Management
• Index: Business

The family firm preparing generational change, the partnership that welcomes new partners, and the shareholders of a firm that chooses to go public are making decisions that will have an impact on strategy and management. Conversely, a change in strategy such as a move to diversify or a decision to take on more risk in a business can make the firm more attractive to some shareholders and less attractive to others and is therefore not ownership neutral. Opening the black box of agency theory, Korine and Gomez show how management and ownership interact to shape the strategy of the firm. In their view, the critical question to ask is not what is the best strategy, but rather, who is the strategy for? With numerous detailed examples, Strong Managers, Strong Owners is an invaluable resource for company owners, board members and executives, as well as their advisors in strategy and governance.

Table of contents

• Cover
• Strong Managers, Strong Owners
• Title
• Copyright
• Contents
• Figures
• Tables
• Foreword
• Acknowledgments
• Introduction
• Part I Changes in the identity of ownership and management
• One Change in ownership
• Two Change in management
• Part I Concluding remarks
• Part II Changes in the form of ownership and organization
• Three Change in legal structure
• Four Change in organizational structure
• Part II Concluding remarks
• Part III Changes in strategy
• Five Corporate and business strategies
• Six Despite failure, no change in ownership, management, or strategy
• Seven Because of success, reinforcement of ownership, management, and strategy
• Part III Concluding remarks
• Part IV Implications for corporate governance
• Eight The board of directors
• Conclusion – strategy for whom?
• Notes
• Index