Boardroom Myths: Business Speaker Justin Fox Says Insiders Don't Need To Be Thrown Out
The board, he says, is actually responsible to the corporation, and not, as is commonly believed, to the shareholders. Because of this, Fox argues that it's not necessarily a conflict of interest for leaders of a corporation to sit on the board, nor does it mean that the board won't run as efficiently if they remain in that role. "Throwing insiders off of boards is simple," Fox argues, "putting together a truly effective board is hard."
In the article, Fox, the editorial director of The Harvard Business Review, combines his years of experience in economics and business with a balanced blend of well-crafted research and trusted outside opinion. Similar to his bestselling book The Myth of the Rational Market, he is able to make complex business and economics principles accessible to the masses. In his writing, media appearances and enlightening talks, Fox presents sound insights on hot topic issues that keep his audiences both up-to-speed and on-their-toes.