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The Faces of Disaster

In: Disaster in the Boardroom

Author

Listed:
  • Gerry Brown
  • Randall S. Peterson

    (London Business School)

Abstract

Board failure is not just a British or an American problem. Our research covers board failure in major corporate scandals over the past forty years involving companies from Japan, Sweden, Iran, Malaysia, China, Brazil, India, Nigeria, Angola and Australia. This is also a problem that cuts across sector barriers. From financial services to resource extraction, high-technology to catering, Silicon Valley start-ups to firms with a century and more of history behind them, no sector or type of company is exempt. National and sector cultures are not responsible for scandals and failures, or at least not solely. Board and organizational culture, however, play a defining role, and no place has a monopoly on dysfunctional company culture and scandals ranging from bribery, fraud, abuse of power and environmental disaster. In this chapter we show that corporate scandals and disasters take many forms, but the causes are depressingly similar and preventable.

Suggested Citation

  • Gerry Brown & Randall S. Peterson, 2022. "The Faces of Disaster," Springer Books, in: Disaster in the Boardroom, chapter 2, pages 29-45, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-91658-9_2
    DOI: 10.1007/978-3-030-91658-9_2
    as

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