Directing and the learning board
Governance concerns the structures within which an enterprise receives its basic orientation and direction. The collapse of communism in Eastern Europe and the Soviet Union will change the governance requirements ofproductive enterprises and broaden the group of stakeholders that a governance structure will be required to serve. The assumption currently made is that governance structures in post-communist economies will naturally align themselves with those currently operating in Western Europe, yet such an assumption sits oddly alongside the soul-searching that is going on today concerning the role of one of the key actors in a corporate governance structure: the company director. In this paper, we examine the issues from a UK perspective and discuss, where appropriate, their implication for enterprise reform in Eastern Europe.