Should Business Schools Be Braver?
About a year ago, a journalist asked me: “The current crisis; you could see it as the failure of corporate governance in general, and boards of directors in specific. What radical new ideas do we see coming out of business schools in terms of how we could organise governance and boards better?” I answered him what I thought was the truth: “Ehm…. not much really”. Last week, I was in Prague, for the Annual Meeting of the Strategic Management Society ; a bunch of business school professors talking about their research. I attended a session which featured a panel of five senior professors who specialise in governance and boards. I couldn’t resist asking them the same question as the journalist had posed to me: “What radical new ideas do you have in terms of how we could perhaps organise governance and boards better?” Their answer was basically the same as mine, with equal levels of eloquence: “Ehm… not much really”. In fact, after a slightly stunned silence, one professor replied to me: “...