Value Creation for Owners and Directors

Professor Massimo Massa is the Rothschild Chaired Professor of Banking and a Professor of Finance at INSEAD. He is the Co-Director of the Hoffmann Research Fund teaching finance and governance. He has published articles in top academic journals and is regularly quoted in major international magazines and newspapers.  Kaikhushru (“Kai”) Taraporevala has experience as investor, Director on the boards of companies and advisor to international companies and business families in Asia.  He is now a writer and Non-Executive Director on Asia focused boards.  Professor Ludo Van der Heyden has been at INSEAD since 1988. He is the founding Academic Director of INSEAD's Corporate Governance Centre, where he co-created several programs: the flagship INSEAD Directors Program, Value Creation for Directors, and the Advanced Strategy for Directors Program. He was INSEAD’s co-Dean, PhD Director & Associate Dean for Research.

• 1 Introduction: Corporate Ownership.- Part I Hardware: A Value Creation Framework.- 2 The Primacy of an Owner’s Mission.- 3 The Board of Directors: Governing the Mission.- 4 The CEO and the Executive Team: Responsible for Executing the Mission.- 5 Goals, Strategies, and Fundamentals.- 6Fundamentals: Financing and Risk.- 7 Control and the Corporate Board.- 8 Obsolescence and Counterfactual Thinking.- 9 MGSF and the Three Boards.- Part II Software: Effective Collaborative Processes and the Need to Manage Self.- 10 Delusions, Confusion, and Biases.- 11 Biases in Action and How High-PerformanceTeams Address Them.- 12 Fair Process Leadership: The Path to Positive and Collaborative Dynamics for Owners and Their Directors.- 13 Fair Process Leadership Illustrated: Applications to Owners, Board Members, and Executives.- Part III Humanware: Owners as Leaders and Value Creators.- 14 Profiles in Ownership.- 15 Transitioning to Ownership and Developing as Owner.- 16 Ownership in the Twenty-First Century: Closing Thoughts.