The establishment of good governance is crucial for companies as well as countries, and it must become a major priority. Recognizing this reality, CEOs and political leaders at the World Economic Forum held last month in Davos, paid considerable attention to this issue. Michael Useem, director of Wharton's Center for Leadership and Change Management, who moderated a workshop on the subject at the Forum, provides an inside view of the discussion.
"Taking Responsibility for Tough Choices" served as the organizing theme for the 2005 annual meeting of the World Economic Forum held at the end of January in Davos, Switzerland. A first step for making tough choices, according to many of the nearly 3,000 attending the forum, is the establishment of good governance.
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