IMD-3-1887 © 2007
Steger, Ulrich; Strebel, Paul; Amann, Wolfgang, Nedopil, Christoph
Among them; a strategy committee and an executive committee were established; and they interacted with the board; who became more involved than ever. But was the corporate governance arrangement still suitable after ABB regained in 2004? What lessons might be learned from handling the crisis?
Learning objectives: Discuss an illustration of corporate governance throughout and subsequent to a catastrophe. Learn about crisis management as well as the lessons that may be learned from a disaster.
Subjects: Corporate governance; Board; Chairman; Turnaround; Crisis; CEO
Settings: Switzerland; Power Generation; Automation; 100;000 employees; 2004
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