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Transnational Governance for a Global Economy
Author(s) -
Demb Ada
Publication year - 1996
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/j.1467-8683.1996.tb00143.x
Subject(s) - business process reengineering , corporate governance , constitution , path (computing) , transformation (genetics) , economic system , business , political science , process management , economy , accounting , management , economics , computer science , marketing , law , biochemistry , chemistry , lean manufacturing , gene , programming language
As the 21st century approaches, there are many pressures prompting changes in corporate board behavior. The author characterizes the current responses as TQM (more of the same, only better) or reengineering (transformation). To respond adequately to the reality and complexities of a global economy, the author argues that approaches to both corporate governance and boards are in need of reengineering. Directions for board transformation are illustrated with a new framework based on the orientation and constitution of boards. Five new board configurations and the path of evolution are presented.