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Contributors
Can Dave Lewis save Tesco? Will Bob Dudley turn BP around? Journalists and financial analysts ask these questions, and headline writers dutifully stick them at the top of the page. But the questions are absurd. We should stop asking them.
Consider an international business employing tens of thousands, perhaps hundreds of thousands of people. There are country managers, divisional heads, and a senior executive team, all reporting into a board of directors that sits above the lot of them. No big decision should be taken by a chief executive on their own. Good corporate governance requires that checks and balances are applied, in particular by the board.
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