As an example of how to make effective use of nonexecutive directors, Cox pointed to a situation

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As an example of how to make effective use of nonexecutive directors, Cox pointed to a situation in which he yielded to the recommendation of such directors. However, because the nonexecutive directors are not involved in the day-to-day operations, it would be easy to dismiss their disagreements on the grounds that they do not understand what is going on. What would you suggest that a CEO do to keep an open mind toward such directors?

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Global Business

ISBN: 9789353500399

2nd Edition

Authors: Mike W. Peng Deepak K. Srivastava

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