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Maximizing the boards potential is critical to maximizing the value of any company, but in most public companies today, the board is an undervalued and underutilized asset, focused mainly on compliance and oversight rather than on maximizing performance and long-term shareholder value. The real problem is that the traditional public company governance model itself is flawed and solutions proposed for improving it are typically focused on changing the model from withininadequate attempts to tweak boards rather than to transform the model into one that is more effective. This unique book offers a fresh new approachthe value maximization modelbased on private equity governance. This more robust model results in a board that is directed by a clearly defined governing objective, populated with the right directors, and fully developed as an asset of the company. This radically new model makes an arbitrage play possiblea tangible gain in company performance and shareholder value.