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Charles Waldo takes a penetrating, behind-the-scenes look at today's trends in the corporate board room. He details the current and likely future roles boards of large firms will have to play and describes the interplay between the CEO and the directors. He describes current board composition and committee makeups and suggests the need for some new and uncommon committees. He notes the impact that changes in roles and structures have on the need for better information by board members and details the the types of financial and operating information directors receive from management today....

The author delivers on his goal of providing a quick, easily read, plain-language overview of basic board mission and action.' The book is chock full of practical nuggets on the board's relation to the chief executive, including three key exhibits: Twenty Tips for Effective Interviews, Twenty-One Good Interview Questions, and Checklist for the Termination Decision Process. There are also informative sections on long-range planning, marketing, commercial ventures, applying for grants, taxes and legal matters, and the use of outside consultants. . . . Waldo stands out among writers on...