In 2004 the Walt Disney Co, a US based global media and entertainment corporation, faced a shareholder revolt and the CEO / Board Chairman received a no-confidence vote of 43%. The board decided to separate the roles of CEO and Chairman in order to manage the conflict between the company and its shareholders. It appointed a former US Senator, who had credibility and experience as a mediator and negotiator, as its new Chairman. The new Chairman used shuttle diplomacy among investors, directors an...

BPIR Categories

8.1.2 Review the performance of senior leaders
8.1.3 Develop and administer governance system

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