Board Representation of Minority Interests

Estes Robert M. , ”Outside Directors: More Vulnerable than Ever”, Harvard Business Review, Jan.-Feb. 1973.

Bauer Raymond and Fenn D. H. , Jr., ”What is a social audit?”, Harvard Business Review, Jan.-Feb. 1973; and also see, Business Week, September 23, 1972, p. 88+.

Burck Gilbert , Fortune, January 1973.

Mace Myles , Directors: Myth and Reality (Boston: Division of Research, Harvard Business School, 1972). As reported in Forbes (July 1, 1973) according to a student, Mr. Gangloff, who came to occupy a “Youth Seat” on the board of First Pennsylvania Corporation, “I don't want to say that ennui set in at the board meetings, but it was very difficult to understand the implications of what was being presented.” To Gangloff, the outside directors’ role came down to giving the bank officers a pat on the back; anyway, Mr. Gangloff is losing his student status, and with it his bank director's job.

Goldberg Arthur , ”Debate on Outside Directors”, New York Times, October 29, 1972, Sec. 3, p. 11.

Heineman Ben , ”What does and doesn't go on in the Boardroom”, Fortune, February 1972, p. 157.

The Conference Board, Corporate Directorship Practices: Membership and Committees of the Board (New York, 1973).

Examples: AMF now has E: Itoh (Japan) and Clark Equipment Company has A. Dubuisson (Belgium).

Also, see U.S. News & World Report, Oct. 6, 1975, pp. 67–68.