Governance Reimagined: Organizational Design, Risk, and Value Creation

Under the right circumstances, self-organized groups of people can do amazing things. We can create products and services that never existed before as well as invent new and better ways of performing both simple and complex tasks. Governance Reimagined skillfully outlines a practical, and innovative, approach that will help you achieve the elusive goal of successfully creating things of value, whatever your focus.

This book brings together ideas from a variety of disciplines, from practitioners, advisers, and academics, including the ideas of multiple winners of the Nobel Prize in Economics. Much of what you read here will be new to you as it has never been assembled in such a manner before. You won’t be able to look at your work, your social life, or your day-to-day interactions with people and businesses in the same way again.

Our past and current governance of risk-taking in pursuit of value has left much to be desired–in politics, business, and even at charitable organizations. There is an opportunity here to understand and to take risk better. It’s time for us to re-govern how we pursue our ambitions–to make our governance processes better. In this book, you’ll be guided to reimagine a form of governance that begets the freedom to make decisions, fosters innovation and the effective use of scarce resources. This approach to governance allows us to maximize our output relative to the freedom others have entrusted in us to pursue ideas. We’re looking to re-govern what we’ve been doing, so that we can do it better, creating more value, in its many diverse measures and, at the same time, more ably fulfilling our highly diverse values.

The response to the first edition of this book has been overwhelmingly positive with endorsements of its contents coming from some of the leading figures in global corporate governance. Written for directors, corporate executives, elected officials, regulators, students, and those involved in the governance of risk-taking at all types of organizations, there is no other book quite like it.