Under the right circumstances, self-organized groups of people can do amazing things. We can create products and services that never existed before as well as invent new and better ways of performing both simple and complex tasks. Governance Reimagined skillfully outlines a practical, and innovative, approach that will help you achieve the elusive goal of successfully creating things of value, whatever your focus. This book brings together ideas from a variety of disciplines, from practitioners, advisers, and academics, including the ideas of multiple winners of the Nobel Prize in Economics. Much of what you read here will be new to you as it has never been assembled in such a manner before. You won’t be able to look at your work, your social life, or your day-to-day interactions with people and businesses in the same way again.Our past and current governance of risk-taking in pursuit of value has left much to be desired – in politics, business, and even at charitable organizations. There is an opportunity here to understand and to take risk better. It’s time for us to re-govern how we pursue our ambitions – to make our governance processes better. In this book, you’ll be guided to reimagine a form of governance that begets the freedom to make decisions, fosters innovation and the effective use of scarce resources. This approach to governance allows us to maximize our output relative to the freedom others have entrusted in us to pursue ideas. We’re looking to re-govern what we’ve been doing, so that we can do it better, creating more value, in its many diverse measures and, at the same time, more ably fulfilling our highly diverse values. The response to the first edition of this book has been overwhelmingly positive with endorsements of its contents coming from some of the leading figures in global corporate governance. Written for directors, corporate executives, elected officials, regulators, students, and those involved in the governance of risk-taking at all types of organizations, there is no other book quite like it. "In the context of thinking that "the organization" is the most important innovation of mankind, writing a book titled Governance Reimagined is quite ambitious. But, David Koenig has delivered! I will recommend this book to friends and people I meet on my way." --Knut Kjaer, Chairman, FSN Capital; former President, RiskMetrics Group; and former Chief Executive Officer of Norges Bank Investment Management, the Norwegian Sovereign Wealth Fund "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 of the American Financial Exchange (AFX); CEO of Environmental Financial Products; "Father of Financial Futures," "Father of Carbon Trading," Time Magazine "Hero of the Planet" " 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, presented and 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   "David Koenig is equally at home explaining what subtle factors drive you to buy an apple, for example, as why complex organizations can break without warning. What's amazing, however, 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 "David Koenig has the rare gift of distilling complicated topics into logical components and then thoughtfully synthesizing them to make insightful points with such clarity that others can readily understand and grasp them. One reason for this is that David is an exceptional networker with real people who have "been there, done that" credentials in the arena of hard knocks and know what works and what doesn't. For that reason, you won't find half-baked theories that will bore you in Governance Reimagined . David takes on the essential aspects of strong corporate governance in today's dynamic world and uses that foundation to contextually contrast and integrate the interrelated disciplines of value creation and ri