Corporate Governance

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  Does My Partnership Need a Joint Steering Committee? Premium

Reuer, Jeffrey J.; Devarakonda, Shivaram V. Non-equity alliances have become important vehicles to collaborate with external partners, particularly in the biopharmaceutical industry. In this article, the authors discuss their research on the use of joint steering committees to guide such collaborations. These committees provide benefits for companies that might otherwise run up against high levels of uncertainty and put proprietary knowledge at risk. Read article

  How Much Should a Strategic Alliance Evolve?

Jiang, Xu; Jiang, Feifei; Ariño, Africa; Peng, Mike W. Strategic alliances, like the companies that form them, must evolve to adapt to their changing environment. But what is the optimal level of adaptation? Read article

  Research Insights to Help Promote Women in Management

IESE Insight Are we making progress on the path to gender equality, in terms of lowering barriers to opportunities and ensuring just treatment? Yes, says recent research by IESE faculty, which tackles the gender pay gap, women in leadership, and work-family conciliation -- although there still is much work to be done. Read article

  Slow Progress for Women on Spanish Boards

Atrevia; IESE The percentage of women on the boards of Spanish listed companies continues to climb, but it is still far below 2020 goals. What's more, almost half of Spain's listed companies have only one or no female directors. Read article

  Independent Directors: A Weapon Against Cartels?

Campello, Murillo; Ferres, Daniel; Ormazábal, Gaizka Price-fixing schemes can cost consumers and companies millions of dollars, not to mention the headache they present for antitrust authorities. Independent directors could help to solve this problem. Read article

  Fewer Women (and Men) on IBEX-35 Boards

Pin Arboledas, José Ramón In Spain, the boards of directors of the IBEX-35 companies are smaller this year -- which has the side effect of reducing the number of women serving in these high-profile positions -- according to a report produced by IESE and Atrevia. Read article

  A Roadmap for Succession in Family Businesses

Pueyo, R.; Tàpies, Josep; Anitua, Javier; Goenaga, Pedro CEO succession is a decisive moment for any family business, yet many firms remain unprepared. That is according to a report, featuring the collaboration of IESE's Josep Tàpies, with a survey of Spanish firms and a roadmap for succession in six steps. Read article

  Women Gain Ground on the Boards of Directors of Both Family and Non-family Businesses in Spain

Tàpies, Josep; Marchal, Marc In a little more than a decade, women have gained considerable ground on the boards of directors of listed Spanish companies. So how does this progress compare for family and non-family businesses? A recent trend may surprise you. Read article

  How "Family First" Works Out for All Shareholders

Martin, Geoffrey; Gómez-Mejía, Luis R.; Berrone, Pascual; Makri, Marianna Family firms tend to get a bad rap from non-family shareholders. Many pro-family decisions are thought to run against minority shareholders' interests, creating contentious boards. But research co-authored by IESE's Pascual Berrone paints a different picture, one in which "family-first" often means pursuing long-term goals that benefit all. Read article

  Bumping Up Against a Glass Ceiling on Spanish Boards

Atrevia; ICWF - Centro Internacional Trabajo y Familia Cellnex Telecom was the only public company tracked by Spain's benchmark IBEX-35 index that had no female directors as of February 2017. Although Cellnex has announced plans to rectify this, achieving gender diversity on Spain's boards has been slow -- with female representation climbing only a token 1.1 percent last year. Read article
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