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A board's road to transformation.(Tower Automotive Inc.)(Brief Article)
Directors & Boards
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January 1, 2001|
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COPYRIGHT 2001 Directors and Boards. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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How one board matched itself up against the critical success factors for effective governance.
TOWER AUTOMOTIVE INC., a leading manufacturer of structural stampings, assemblies, and modules for the automotive industry, grew from $83 million in revenue in 1993 to nearly $2.5 billion in 1999. It went public in 1994, and although the board functioned effectively, it recognized that it needed to strengthen a number of its processes to fully exercise the fiduciary responsibility it now faced as the board of a large, highly visible public company.
The board's ...
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