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Corporate governance, the role played by the board of directors, has changed dramatically in recent years, as boards become more assertive in their watchdog function. In Keeping Good Company, Jonathan Charkhamwhom The Financial Times of London recently dubbed 'Mr. Corporate Governance'provides an insightful comparative study of corporate governance in five major industrial powers: Japan, Germany, France, the United Kingdom, and the United States. Charkham points out that the best systems seem to be collegial in style, and that contrary to the saying that the best committees are committees of one, group management is actually the most efficient way of running a large and complex operation. This book brilliantly demonstrates that a sound framework for the exercise of corporate power is an economic necessity. It will be essential reading for all top executives, especially those working for multinational corporations.
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