Serving stakeholders

Banks occupy a central position in society and the economy. People have passionate opinions about them – some arguably misguided, some appropriately challenging. I hope to do three things here that might enhance public debate. Serving Stakeholders from Harrison Young First, I want to offer a conceptual model and some vocabulary – tools I find useful[…]

Your job, my job, our job – the balance between Boards and management in governance

One of the principles of traditional governance is that a board oversees rather than manages. Both activities involve inspecting. While it is normally the boss who inspects, it is worth noting that both parties have the same objective: getting it right. Inspector and inspected are on the same team. As such boards participate in decision-making because as[…]