Fredmund Malik
Corporate Policy and Governance
How Organizations Self-Organize
Fredmund Malik describes what really matters in good management and explains the core issues of corporate governance, namely, customer value or focusing on service to the client. The prevalent conceptual models of corporate policy have become obsolete: the shareholder approach is the worst theory of all time; stakeholder theory is not practicable; trusting the stock market is a mistake. What counts is effective corporate governance, which has become an indispensable requirement for survival.
The author shows:
• how corporate governance should be structured
• which financial parameters are truly important>
• the optimal size for a supervisory board, and
• which errors result when profit maximization is declared the company’s top objective.
