IBM Corporation from the United States around 1984, of prosperity and decline, from 6.6 billion annual profit to a loss in 1992, 49.7 billion U.S. dollars. Decline was mainly due to failure of board oversight. In general, the Board oversight of the company's internal governance structure of a major checks and balances: the power to remove the board chairman, the decision of major business issues. However, in IBM, which the board of directors of the original 3 / 4 of the members are basically only play a "decorative", although they are famous people, but few really care about the company's experience of the situation, the Board reduced form.
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