Article: European Shareholder Value Award 2002 winning entry: professionalism or incarceration--what future for boards?(Debate reopened)

The following article was the winning essay in the third PricewaterhouseCoopers Annual European Shareholder Value Award held in partnership with EBF and Financial News. The competition attracted submissions from a wide variety of authors, among them managers in industrial companies, business advisors, fund managers and students on the topic 'Delivering Value in a Downturn: Have Boards over-emphasised governance at the expense of strategy?' The panel of judges were Philip Wright, Global Head of Corporate Finance and Recovery at PwC and a Director of EBF; Tim Dickson, Executive Editor, EBF; Dr Renato Fassbind, CEO, Diethelm Keller Holding; Dr Karl-Ludwig Kley, CFO, Deutsche ...

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