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Introduction

Published online by Cambridge University Press:  19 April 2018

Stephen M. Bainbridge
Affiliation:
University of California, Los Angeles School of Law
M. Todd Henderson
Affiliation:
University of Chicago School of Law
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Summary

Corporate governance failures are a familiar part of modern capitalism in the U.S. and abroad today. Many of these boards were more or less doing what boards everywhere were doing and according to the best practices of the time. And yet, each failure begat a new solution, usually focused on the board. Despite numerous reforms, too many boards are still broken. We argue that boards fail because they are comprised exclusively of human beings. Accordingly, we have in mind outsourcing the board of directors’ functions to a separate entity. We call the separate entities that would offer other firms board services “board service providers” (BSPs).
Type
Chapter
Information
Outsourcing the Board
How Board Service Providers Can Improve Corporate Governance
, pp. 1 - 14
Publisher: Cambridge University Press
Print publication year: 2018

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