Leadership and Governance from the Inside Out

ROBERT GANDOSSY is Global Leader for Hewitt Associates' Talent and Organization Consulting Practice. The coauthor of Leading the Way: Three Truths from the Top Companies for Leaders (Wiley), and co--editor of Human Resources in the 21st Century, he holds a PhD from Yale University, where he specialized in organizational behavior with an emphasis on understanding the origins of white--collar crime. JEFFREY SONNENFELD is the Associate Dean for Executive Programs at the Yale School of Management, as well as Professor of Management Practice and the founder of Yale's Chief Executive Leadership Institute. Author of the bestselling The Hero's Farewell: What Happens When CEOs Retire, he earned his MBA and doctorate at the Harvard Business School, where he served as a professor for a decade.

• Preface xiAcknowledgments xxi  Part I: Fueling the Crisis: Corporate Scandal and Wrongdoing 1Chapter 1“I See Nothing, I Hear Nothing”: Culture, Corruption, and Apathy 3Robert Gandossy and Jeffrey SonnenfeldChapter 2Twenty-First-Century Corporate Governance: The Growing Pressure on the Board Toward a Corporate Solution 27Sherron S. WatkinsPart II: The Role of the Leader 37Chapter 3How Leaders Restore Confidence 39Rosabeth Moss KanterChapter 4Greed, Vanity, and the Grandiosity of the CEO Character 51Manfred F. R. Kets de Vries and Katharina BalazsChapter 5The Essence of Leading and Governing Is Deciding 63Michael UseemChapter 6Vigorous Competition, Cardinal Virtues, and Value Creation 75Robert W. LaneChapter 7Challenge Up: A Key to Organizational Integrity 83Marshall GoldsmithChapter 8Enron et al.: The March of Folly 89Warren BennisPart III: The Role of the Board 95Chapter 9Seeing Around Corners 97Norman R. AugustineChapter 10Whither Governance: Process or People? 109William W. GeorgeChapter 11Enron and Effective Corporate Governance 117Charles M. ElsonChapter 12:“Somebody’s Gotta Keep An Eye On These Geniuses”: What We Must Do to Restore Owners’ Capitalism 123John Clifton BoglePart IV: Toward Reform 143Chapter 13Shedding the Images and Getting Real About Business Responsibility 145Barbara Ley TofflerChapter 14Getting What You Pay For: Institutional Investors Take on Executive Pay 151Nell MinowChapter 15Accounting 101 171Rick AntleChapter 16Principles and Best Practices of Executive Compensation That Stand the Test of Time 177Roberta D. Fox and Michael J. PowersChapter 17Evolution of Corporate Criminal Liability: Implications for Managers 191Jennifer ArlenChapter 18Corporate Governance in Europe 205Leonardo Sforza and Alan JudesChapter 19Developing Leaders of Character: Lessons from West Point 213Rakesh Khurana and Scott A. SnookChapter 20Speech by SEC Chairman: Remarks at the 2003 Washington Economic Policy Conference 233William H. DonaldsonChapter 21Corporate Governance and the Culture of Seduction 241Arthur LevittChapter 22If I Only Knew Then What I Know Now 271Susan C. KeatingAbout the Contributors 277Index 291