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1 - A Brief History of the Board

from Part I - Corporate Boards

Published online by Cambridge University Press:  19 April 2018

Stephen M. Bainbridge
Affiliation:
University of California, Los Angeles School of Law
M. Todd Henderson
Affiliation:
University of Chicago School of Law
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Summary

Chapter 1 traces the history of the board of directors. Our goal is to uncover the origin story in the hopes of explaining why boards look the way they do, centuries later. As it turns out, the modern board owes much to its ancient ancestors, in this is not a good thing. Board are, despite recent improvements, stuck in the past, and it is a past that does not fit with modernity.
Type
Chapter
Information
Outsourcing the Board
How Board Service Providers Can Improve Corporate Governance
, pp. 17 - 29
Publisher: Cambridge University Press
Print publication year: 2018

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