![]() ![]() The board of directors or other governing body is superimposed on management to ensure proper governance – the circle in the diagram. Management is classically depicted as a hierarchy – the triangle seen in organization charts and shown in the diagram below. The management triangle and the board circle A clear distinction needs to be drawn between the two. The board or governing body ensures that it is being run well and is running in the right direction. I find them used in corporate governance analysis and appearing in other papers, usually without attribution! Here are some of them:Ĭorporate governance is different from management. ![]() A few have become part of the corporate governance rubric. In over four decades of studying and writing about the governance of organizations, I have developed some insights and models. ![]()
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January 2023
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