Restoring Trust in American Business
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Restoring Trust in American Business by Jay W. Lorsch
Book DescriptionRecent business scandals point to a disturbing breakdown of values in corporate America. This book responds to the crisis by examining the responsibilities of "gatekeepers" -- corporate directors, regulators, auditors, lawyers, investment bankers, and business journalists -- who stand between corporate misconduct and the public. The essays, by prominent scholars and practitioners, argue that market pressures have made gatekeepers too focused on financial self-interest and too heedless of the public good to live up to society's legitimate expectations. A key part of the book is a set of recommendations for enhancing gatekeeper professionalism. These range from specific steps for improving boards of directors to a call for the investment banking community to establish a uniform code of conduct and articulate its obligations to the investing public.This book grew out of the Corporate Responsibility Project undertaken by the American Academy of Arts and Sciences. The contributors come from institutions ranging from Wall Street and the nation's leading law and business schools to the AFL-CIO; they include such prominent figures as John S. Reed of the New York Stock Exchange, investment banker Felix Rohatyn, corporate lawyer Martin Lipton, and media commentator and professor of journalism Geneva Overholser.
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Book DetailsISBN: 9780262740272
(229mm x 152mm x 19mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 8-Feb-2005
Country of Publication: United States
Books By Author Jay W. Lorsch
Future of Boards, Hardback (July 2012)
We are at a crucial juncture in the evolution of business and the economy. We must now reshape the structures and practices of business leadership to avoid going down the same path again. This book brings together the leading voices from HBS to address the challenges of governance in the 21st century.
Back to the Drawing Board, Hardback (November 2003)
Argues that boards are being pressed to perform unrealistic duties given their traditional structure, processes, and membership. This book proposes a strategic redesign of boards - making them attuned to their oversight, decision-making, and advisory roles - to enable directors to meet twenty-first century challenges.
Aligning the Stars, Hardback (April 2002)View all books by Jay W. Lorsch
Argues that strategic success is achieved by building an organization of executive-level stars whose day-to-day performance reinforces and ultimately achieves the goals of the business. This book shows how to integrate strategy, organization, and the needs of individual stars.
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Author Biography - Jay W. Lorsch
Leslie Berlowitz is Executive Officer of the American Academy of Arts and Sciences.
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