Run on East Side Bank, N.Y. 1912 February 16. Bain News Service via Library of Congress.

Why Boards Go Wrong: “It’s the Group, Stupid!”

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Back in 2005, the Brooklyn Law Review published the papers from the Corporate Misbehavior by Elite Decision-Makers Symposium, which Brooklyn Law School apparently held. Harvard’s Rakesh Khurana & Katharina Pick contributed a social-psychological look at how boards of directors of corporations can go wrong through social or group processes and how the current spate of “control the directors” changes have …