In “The Error at the Heart of Corporate Leadership” published by the Harvard Business Review last month, HBS Professors Lynn Paine and Joe Bower boldly challenge the agency-based model of corporate governance and lay out a clear and compelling case against “maximizing shareholder value” as the organizing principle of companies. In his new book, The Activist Director, Ira Millstein, Esq. – governance guru and Senior Partner at Weil, Gotshal & Manges – picks up this thread and maps the path forward for Boards negotiating the land mines of activism.
Is this the moment of change we have been seeking in an era of short-termism in public companies and beyond? Can Boards place the longer term interests of society at the heart of business decisions? Is that even a good idea?
Join Lynn S. Paine and Ira Millstein in conversation with Judith Samuelson at the Harvard Club on June 21, 5:00 pm to participate in this important dialogue.
Conversation to begin promptly at 5:15pm.