Koenig - Governance reimagined organizational design, risk, and value creation

Additional Praise for Governance Reimagined

If there's anything that's long overdue for a little reimagination, it's governance. Not only does this book contain new ideas, it is a delightful read, full of analogies, metaphors, and linkages to common everyday situations. I know I will refer to this book again and again.

Don M. Chance, PhD, CFA, James C. Flores Endowed Chair
of MBA Studies, and Professor of Finance,
Louisiana State University

David Koenig has always been on the vanguard of innovative ways to think and practice risk management. I have known David for over a decade and saw him make the link between environmental sustainability and corporate governance way ahead of his peers. Readers will greatly benefit from his out-of-the box and multi-disciplinary approach to how reimagined governance can help create value in these turbulent but exciting times.

Richard Sandor, Chairman and CEO, Environmental
Financial Products LLC, and author, Good Derivatives: A Story of
Financial and Environmental Innovation

Governance Reimagined presents material about which I have thought long and reawakens memories of intellectual voyages in the past like Complexity Theory at the Santa Fe Institute. This is a well-organized, well-presented and well-written book. The writing is exceptionally jargon free and user friendly. It should be a great success.

Robert A. G. Monks, Lens Governance Advisors and author
of Corporate Governance , Corporate Valuation for Portfolio
Investment , The New Global Investors , Corpocracy ,
Capitalism Without Owners Will Fail , Power and
Accountability , and The Emperor's Nightingale

A fast-paced, informative, witty, and eminently readable guide. Governance Reimagined provides an excellent road map for creating organizations that use larger, freer collaborations to transform how we think about our work and about the value we give and get from each othera way to better fulfill your mission and unlock the full value of your organization. Anyone building or managing a for-profit, charitable, political, or even social organization will benefit from David's perspective on governance.

Jean Hinrichs, former Chief Risk Officer, Barclays Global Investors,
and lecturer, Haas School of Business, UC Berkeley

David provides a fresh call to action in this comprehensive and stimulating discussion of organizational design and risk governance. His enthusiasm and straightforward style makes the wide-ranging illustrations drawn from economics, complexity science, behavioral finance, systems, and network theory both easily accessible and stimulating as a different way to think about governance. A thoughtful work for those involved in leading and managing organizations in today's world.

Ruth M. Whaley, member, Board of Directors,
Nuclear Electric Insurance Limited, and
Principal, Barset Consulting LLC

Governance Reimagined is an insightful exploration into the design, practice, and underpinnings of how organizations best use and manage risk in this post-financial crisis period. The book begins and maintains a focus throughout, just where it should: on the motivations and drivers of people, and groups of people, making risk/reward decisions big and small. It is a book that will benefit anyone involved with designing or managing an organization, no matter what the focus of that enterprise.

Michael A.M. Keehner, Columbia Business School adjunct
professor, and board member, Oppenheimer Holdings

David Koenig has masterfully broken down the complex components of governance and risk and challenges us to rethink our governance framework. This excellent book dares to break old governance models and re-govern with flexibility, and inclusivity, while bringing empowerment to all stakeholders.

Jennifer R. Sawyer, Principal, Rebound Enterprises, and
Sustainer President, Junior League of Minneapolis

There are two sides to this book that make it extremely valuable. First, the book presents enlightening examples that illustrate the nature of risk and that are unmatched by technical texts. Second, it addresses the major issue of governance in its relation to riskunlike many of the classic texts that debate governance without a focus on this critical relationshipmost notably in financial firms. The variety of approaches taken by David makes the book immediately relevantonce you start reading, you cannot stop until reading the end. Professionals will immediately absorb the substance. Academics will find the variety of approaches and the examples unique. Students will gain a new perspective on governance and risk. This is a bright text that readers will highly appreciate.

Joel Bessis, Professor of Finance, HEC Paris and author,
Risk Management in Banking

This is an excellent bookDavid Koenig has presented some very important and complex ideas in a simple mannerand is a must read for board members and managements. The ideas of networked and distributed governance, along with the management of risk capital as commons, are very powerful. These ideas are important for corporations, governments, and non-profits that must be accountable for profits, people, and the planet, and be more sustainable. The current crisis has exposed weaknesses in governance that need to be fixed, so this book comes at a very important time, not in a negative sense but in a positive, forward looking manner.

Saurabh Narain, Chief Executive, National Community
Investment Fund

David Koenig is equally at home explaining what subtle factors drive you to buy an apple, for example, amd why complex organizations can break without warning. What's amazing is how he weaves common sense with thorough academic knowledge to create a rich fabric that will enable readers to use governance for what it was intended: Creating value.

Jon Lukomnik, Managing Partner, Sinclair Capital,
Executive Director, IRRC Institute,
past Deputy Comptroller, City of New York, and
co-author, The New Capitalists

Governance Reimagined is brilliantly simple to understand. The relevance to today's corporate boards and C-suite executives who have gone through the worst period of economic turmoil in nearly a century jumps out at the reader in every chapter. The author's risk management background, combined with a philosopher/psychologist's eye for understanding how humans operating in clusters and individually make decisions sets this book apart from all other economic, finance, and risk management books. Every board member and CEO who worried over unfathomable explanations of what can or did go wrong in an organization needs to read this book.

Allan M. Grody, President, Financial InterGroup Holdings
Ltd; founder and retired partner-in-charge of Coopers &
Lybrand's Financial Services Consulting Practice; adjunct
professor, New York University Stern Graduate
Business School; editorial board member, Journal of
Risk Management in Financial Institutions

David Koenig lives and breathes governance, and in this book he presents valuable perspectives along with contemporary examples that illuminate his innovations. The book is full of great citations, and current situations spice up every chapter. He connects the entire governance social network, including potentially conflicting groups, and demonstrates how establishing appropriate missions and values complemented by diversity, a collaborative open culture, and transparent governance process will improve chances for healthy long term success and increased enterprise value. Governance Reimagined is a great read that does not disappoint. It should be required reading for senior corporate management and boards.

Mark C. Abbott, PRM, Managing Director,
Head of Quantitative Risk Management,
Guardian Life, and President,
Buy Side Risk Managers Forum

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