The crisis: Mobilizing boards for change

Tackling the economic crisis requires a fundamental overhaul of how board members interact. This short essay by Andrew Campbell, a director of the London-based Ashridge Strategic Management Centre and coauthor of Think Again: Why Good Leaders Make Bad Decisions and How to Keep it From Happening to You, and Stuart Sinclair, chairman and nonexecutive director of several companies in the United Kingdom and Eastern Europe, challenges board members not to become complacent based on their experiences during recent, milder recessions. Instead, they encourage a fresh, dynamic approach to the way the board works.