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Jw public talk list of themes10/4/2023 Their role, write the authors, has been to provide money, information, and discipline. Could the problem lie with them? Perhaps they aren’t really suited to being corporate bosses. Over many years shareholders have gained power but been frustrated by the results. Boards are stuck in the middle-under increasing pressure to act as watchdogs and disciplinarians despite evidence that they’re more effective as friendly advisers. Shareholders complain, with justification, of executives who pocket staggering paychecks while delivering mediocre results. Executives complain, with justification, that meddling and second-guessing from shareholders are making it ever harder for them to do their jobs effectively.
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