Saving the Corporate Board pb

ISBN-13: 9781119090915 / Angielski / Miękka / 2003 / 244 str.

Ward, Ralph D.

Opis

Ward reveals ten specific failings that are built into our boardroom model and provides real-world fixes to get boards back on track. Ward mixes tart, insightful analogies (what do boards have in common with volunteer fire departments, the U.S. electoral college . . . and Howard Hughes?) with proven nuts-and-bolts advice for putting any board back on track. Order your copy today

Much of the general public has had its first look into the corporate boardroom by way of the recent scandals involving Enron, Adelphia, Global Crossing, and WorldComm, and it has not liked what it has seen. This book outlines the ten major reasons that boardrooms fail in delivering on their responsibilities to the shareholders.

Spis treści

Reason #10 The Data Disaster: Boards Receive Too Little, Too Much (or Just Plain Bad) Information 1

Reason #9 The Boardroom Leadership Gap: The Board Oversees (at the Same Time It Is Led by) the CEO 17

Reason #8 The Boardroom Amateurs Syndrome: Inadequate Time, Resources, and Expertise for the Job 45

Reason #7 Financials, Frauds, and Fumbles: Why "Audit Committee" Is an Oxymoron 71

Reason #6 So What Exactly Is the Board Supposed to Do?: Competing (If Not Conflicting) Governance Agendas 99

Reason #5 The Howard Hughes Syndrome: Directors Are Cut off from Staff, Shareholders, and Major Decisions 123

Reason #4 "Does Anyone Know Why We′re Here?": Poor Board Meetings and Logistics 145

Reason #3 We Don t Talk about That: Boards Do a Lousy Job of Handling Their Personal Issues 167

Reason #2 The Exploding Job Description: We Have No Idea How to Evaluate, Motivate, or Pay Directors 189

Reason #1 The Elephant in the Boardroom: Boards Don t Handle Bad News Well 207

Conclusion 223

Index 227

O autorze

RALPH D. WARD is a nationally recognized writer and commentator on the roles of boards of directors and the future of corporate governance worldwide. He is publisher of Boardroom INSIDER, an online e–mail newsletter of firsthand advice for better boards, and edits the Corporate Board, an international journal of corporate governance. He speaks and consults extensively on boardroom issues in the United States and internationally, and is the author of 21st Century Corporate Board and Improving Corporate Boards, both published by Wiley.

Blurb

CORPORATE GOVERNANCE DISASTERS...

...have struck again and again, from Enron, to WorldCom, to Tyco, to Global Crossing. How do we fight back? First, we accept that the board of directors is a fundamentally flawed tool for fiduciary oversight of the modern corporation. Then, we dig into the real reasons for governance failures, which are complex and misunderstood. Finally, we provide the tools needed to build on the board′s genuine strengths, which make it well worth preserving, restoring, and rejuvenating.

In Saving the Corporate Board: Why Boards Fail and How to Fix Them, seasoned board observer Ralph Ward diagnoses ten chronic board failures and offers proven solutions on how to fix them. Ward examines the auditing, financial disclosure, and executive pay failures that have garnered the most media attention, but digs deeper to analyze basic issues of communication, organization, and execution, revealing why so many boards fail to live up to their promise as corporate stewards. This no–holds–barred indictment and road map to resolution is a must–read for all executives interested in restoring and maintaining solid corporate governance.

"As always, Ralph Ward has offered an astute and engaging appraisal of the classic corporate governance conundrum of the problematic board. His solutions are well worth considering for all board members."
Charles M. Elson, Edgar S. Woolard Jr. Chair in Corporate Governance, University of Delaware