Making Your Board a Strategic Asset

Fresh from the shenanigans at Newscorp International, we now have extraordinary events unfolding at Olympus. This was all prompted, not by a drop in revenues, profitability or cash flow, but by the sacking of a newly appointed Chief Executive who dared challenge past deals which made no strategic sense, and payments for advisory services that were out of line with the transaction value.

We have so often warned about this. Good Corporate Governance might not guarantee value creation but bad Corporate Governance will ultimately be value destructive.