By Alicia Micklethwait,Patricia Dimond
Driven to the Brink is a suite of brief tales approximately company mess ups and the way insufficient governance and improper tradition triggered an immense destruction of shareholder value.
Look at any significant company meltdown and components emerge: a failure of company governance and a tradition the place short-termism and greed are rewarded and hazard is inspired to flourish unchecked.
years ahead of the most recent crash, Alicia Micklethwait co-wrote the best-selling Greed and Corporate Failure which tested the various excessive profile company failures of the early years of the twenty first century. unfortunately these classes have been forgotten. Companies have persisted to be Driven to the threshold of disaster.
Now, with co-author Patty Dimond, they research what we needs to examine this time round. Drawing on in-depth case experiences of the Libor scandal, Olympus, Co-op, children corporation and others, Dimond and Micklethwait ask what have we discovered and extra importantly, what do we do to avoid those failures from taking place again?
in addition they study the big, rising and no more largely understood global of company China with particular dialogue of the Lixel and Glaxo frauds. On a good notice, staying with China, they appear on the tale of Alibaba and ask is a moral tradition adequate to guard shareholder rights?
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Driven to the Brink: Why Corporate Governance, Board Leadership and Culture Matter by Alicia Micklethwait,Patricia Dimond