The Corporate director – J. M. Juran - J. Keith Louden – American Management Association – 1966 – Dura

**The Corporate director**: This comprehensive book is an in-depth study of the responsibilities and powers of the corporate director. The board member is possibly the least understood individual in the corporate setup, perhaps because his working responsibilities have seldom been examined in detail. Now, this new AMA publication supplies up-to-date information that the reader will find invaluable when seeking answers to questions about board functions and duties.

In clear, easy-to-understand terms, the authors utilize their many years of business experience to explain the proper role of the board and its members. The reader learns how boards--

*Reserve certain powers and delegate other powers to operating management
*organize committees and determine the extent to which authority is delegated to them.
* fill board vacancies
*recognize potential conflicts of interest and take steps to prevent their occurrence
*compensate board members properly for their services
* strike a balance between the number of inside and outside directors.
* establish and maintain good working relationships among board members
* make necessary information available to board members

The authors also explore the crucial relationships between the board and the stockholders, the inside and outside corporate directors, the outside director and operating management, and the chief executive officer and the board chairman. Every executive who must deal with an entire board or an individual director can profitalbe use the knowledge offered in this book.