By John Gillespie and David Zweig
We don’t come to the subject of corporate boards as antagonists. Yet even with our experience in the business world and our MBA education, we couldn’t understand how boards came to operate the way they do, and how they’ve come apart. We could easily see how remote and impenetrable they would appear to most of the millions of shareholders who depend on them—in spite of the fact that boards are elected by shareholders and are legally required to represent their interests.