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Modern board members report little change in role despite Sarbanes-Oxley reforms. In the last two decades, federal regulations have tried to build more corporate oversight into the roles of corporate boards of directors. There’s just one problem: it’s not a job board members want. In one of the first broad surveys of corporate board members since 1989, researchers found that board members saw their job as hiring the best CEO for their firms and then supplying that person with advice and support. “Directors want the firm to be well run, but they don’t want to run it,” said Scott Graffin, professorModern board members report little change in role despite Sarbanes-Oxley reforms. In the last two decades, federal regulations have tried to build more corporate oversight into the roles of corporate boards of directors. There’s just one problem: it’s not a job board members want. In one of the first broad surveys of corporate board members since ► The FINANCIAL Business

United statesSteven boivieJ merritt melanconKevin corleyScott graffinMichael withersUniversity of georgia terry college businessArizona state universityEnron corporationSynovus chairServant leadershipTerry collegeSeptember issueStrategic managementSarbanes oxley act