MARC details
| 000 -LEADER |
|---|
| fixed length control field |
01850nab a2200217 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
171118b xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
BOWER, JOSEPH L |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
The Error at the Heart of Corporate Leadership |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc |
|
| Name of publisher, distributor, etc |
|
| Date of publication, distribution, etc |
|
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
50-60 p. |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
A New Model of Governance. Agency theory, promulgated by academic economists in the 1970s, is behind the idea that corporate managers should make shareholder value their primary concern, and that boards should ensure they do. The theory regards shareholders as owners of the corporation—but that raises a grave accountability problem: Shareholders have no legal duty to protect or serve the companies whose shares they own; they are shielded by the doctrine of limited liability from legal responsibility for those companies’ debts and misdeeds; they may buy and sell shares without restriction and are required to disclose their identities only in certain circumstances; and they tend to be physically and psychologically distant from the companies’ activities. Joseph Bower and Lynn Paine examine the agency-based model’s foundations and flaws and its implications for companies before proposing an alternative model that would have at its core the health of the enterprise rather than near-term returns to its shareholders. Their model would refocus companies’ attention to innovation, strategic renewal, and investment in the future. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Industrial management |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Leadership |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Stockholder wealth |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Chief executive officers (CEOs) |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Business planning |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
PAINE, LYNN S. |
| 773 0# - HOST ITEM ENTRY |
|---|
| Host Biblionumber |
39795 |
| Place, publisher, and date of publication |
New Delhi Living Media India Ltd. |
| Other item identifier |
S86596 |
| Title |
Harvard Business Review; 95(3) May-June 2017 |
| International Standard Serial Number |
0017-8012 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
http://192.168.6.75/libsuite/mm_files/Articles/AR16395.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Item type |
Articles |
