There are many aspects of the relationship between the Board and the management, which are determined on a best-effort basis. That is, the rules and statutes of the society can not specify in advance the detailed processes of the intersecting interests. Our system of capitalism depends on the good faith efforts of all stakeholders to derive effective working relationships. This case provides a discussion of these issues in connection with the Jack Wright and Mega Corporation.

There are many aspects of the relationship between the Board and the management, which are determined on a best-effort basis. That is, the rules and statutes of the society can not specify in advance the detailed processes of the intersecting interests. Our system of capitalism depends on the good faith efforts of all stakeholders to derive effective working relationships. This case provides a discussion of these issues in connection with the Jack Wright and Mega Corporation.
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from
John L. Colley,
Wallace Stettinius
Source: Darden School of Business
3 pages.
Publication Date: Nov 05, 2003. Prod #: UV4229-PDF-ENG
Corporate governance: The Jack Wright Series # 7-The Board-Management Relationship HBR case solution

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