Boards and Servant Leadership

Writing a half-century ago, Robert Greenleaf already saw a new and more active role for board members.* In his groundbreaking book, Servant Leadership, Greenleaf had a chapter on “Trustees as Servants.” He wrote: “This chapter is an argument in support of trustees choosing to be servants.” Greenleaf felt organizations (and their boards) were underperforming: “… … Read more

Why Maximizing Shareholder Value is Wrong

A big debate has been raging about the purpose of business for decades. Two opposing theories dominate the discussion: shareholder primacy theory and stakeholder theory. How does Robert Greenleaf’s servant leadership framework fit with these models?   Shareholder Primacy Theory In 1970, Milton Friedman (a noted conservative economist at the University of Chicago) wrote an … Read more