Skip to main content

Conclusion

  • Chapter
  • First Online:
Driven to the Brink

Abstract

In the preceding chapters we have illustrated how shortcomings in corporate governance and the prevailing culture within a company have driven companies close to, and sometimes beyond, the brink of disaster. While we acknowledge that other factors also contribute to failure, we contend that effective board oversight and a productive ethical culture will, if not always prevent, at least mitigate the consequences of poor decisions and external shocks.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 29.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 37.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 37.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    Sants, H. (2009) Delivering Intensive Supervision and Credible Deterrence, Speech delivered to the Reuters Newsmakers Event, 12 March 2009.

  2. 2.

    Slater, S. (2015) Misconduct bill tops $235 billion as banks struggle to shake off past sins, Reuters, 21 May 2015.

  3. 3.

    Higgs, D. (2003) Review of the role and effectiveness of non-executive directors, Department of Trade and Industry, January 2003.

  4. 4.

    Professor J. B. M. Kassarjian, Professor of Management at Babson College, Emeritus Professor of Strategy and Organization at IMD (2016), e-mail correspondence.

  5. 5.

    Ferracone, R. (2014) Combined Chairman/CEO roles: You think, Forbes Magazine, 5 March 2015.

  6. 6.

    Making the switch from CEO to Chairman, Criticaleye.

  7. 7.

    The Economist (2015) The Age of the Whistleblower, The Economist, 5 December 2015.

  8. 8.

    Ferdman, R. (2014) The pay gap between CEOs and workers is much worse than you realize, The Washington Post, 25 September 2014.

  9. 9.

    Edwards, J. & G. Prodhan (2016) VW faces billions in fines as U.S. sues for environmental violations, Reuters, 5 January 2016.

Author information

Authors and Affiliations

Authors

Copyright information

© 2017 The Author(s)

About this chapter

Cite this chapter

Micklethwait, A., Dimond, P. (2017). Conclusion. In: Driven to the Brink. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59053-4_10

Download citation

Publish with us

Policies and ethics