After all the shocks and aftershocks in corporate America in recent years, corporate governance has become a leading topic in the news and in the boardroom. This timely and important book explores the reasons why our system of corporate checks and balances has failed and how investor trust can be regained. It addresses the thorny issues of executive management and compensation as well as the sometimes conflict-ridden nature of board and management relationships along with director composition and compensation.

Most important, it presents a road map for specific actions boards need to take to restore their originally mandated role: representing and safeguarding shareholders' interest. Written in a practical and succinct style, it will be indispensable for board members and the executives who work with them in guiding corporations across the country.