Saturday, September 30, 2006

Dilemmas can involve more than two alternatives

Books of Account

Directors' Dilemmas
Patrick Dunne
Kogan Page (www.vivagroupindia.com)

Directors in tricky spots

What's a dilemma? "A tricky spot with no immediately obvious conclusion and where the alternative solutions all involve some degree of pain," defines Dunne. Alternatives can be more than two, please note. Fundamental drivers that cause dilemmas for directors are four, he lists. First is ‘confusion over the role of the board'. Role evolves, reminds the author. "As the company enters new phases of development in scale, breadth and ownership, the nature of the role of the board will need to change."

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