Governance Arbitrage

This unique book is decidedly not just another tome on corporate governance. Instead, think of it as an investment thesis and memorandum with a radical prescription for driving performance and long-term shareholder value higher at public companies. When a company has assets that are undervalued or underperforming, an opportunity exists to create value, in some cases materially. Public company boards are one such asset. The core of this value and performance gap is the public company governance model itself. Author Henry Wolfe provides a contrarian, in-depth analysis of the shortfalls of the current model, presenting for the first time a comprehensive look at the reasons for the sub-optimal performance of corporate boards. The solution for maximizing the board as an asset lies in the development of a completely new governance model. Taking lessons from the governance of portfolio companies of the top private equity firms, and from personal experience, Wolfe presents a fundamentally diff