The recent news that struggling imaging company Eastman Kodak lost three outside directors in a single week prompted me to consider the extent to which non-executive directors flee their companies in times of trouble and why. Evidence that this is not an uncommon phenomenon and that many directors depart for flimsy reasons — such as an increasing board workload — suggest that measures are required to ensure these stewards remain committed to their firms in good times and bad.
Are Kodak’s Outside Directors Wrong to Desert a Sinking Ship?
The recent news that struggling imaging company Eastman Kodak lost three outside directors in a single week prompted me to consider the extent to which non-executive directors flee their companies in times of trouble and why. Evidence that this is not an uncommon phenomenon and that many directors depart for flimsy reasons — such as […]
January 05, 2012
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HBR Learning
Crisis Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Crisis Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to manage uncertainty, dispel rumors, and help your team recover.