Download e-book for kindle: Boardroom Realities: Building Leaders Across Your Board by Jay A. Conger

By Jay A. Conger

ISBN-10: 0470391782

ISBN-13: 9780470391785

Praise for Boardroom Realities

''Authored via a 'who's who' roster of governance specialists, Boardroom Realities covers the most recent developments in board management and function in addition to expertise administration for the board and the C-suite—all severe themes for any director thinking about board provider today.'' —Kenneth Daly, president and CEO, nationwide organization of company administrators

''If management and effectiveness within the boardroom have been vital in a extra benign atmosphere, they are completely very important in present day tumultuous occasions. Boardroom Realities offers a latest and distinct street map to aid steer chairmen, CEOs, and forums via those uncharted governance waters.'' —Peter Weinberg, associate, Perella Weinberg companions

''Jay Conger's Boardroom Realities bargains a special standpoint on governance via management, instead of compliance, and may compel all administrators to revisit the focal point of board deliberations, specially at the moment of unparalleled monetary and fiscal turmoil.'' —Alison A. wintry weather, cofounder, WomenCorporateDirectors, and a company director for Nordstrom, Inc.

''Boardroom Realities is a truly finished compilation of worthwhile insights on key matters that forums needs to take care of each day. it really is a very good source for board participants in addition to participants of administration who needs to interact to make sure reliable governance on behalf of shareholders.'' —Ronald D. Sugar, chairman of the board and CEO, Northrop Grumman company

''Jay Conger has accumulated serious insights and the most recent pondering on board management from a lot of trendy prime governance thinkers. Boardroom Realities is a needs to on your board and for any complete company governance library.'' —Ralph D. Ward, writer, Boardroom INSIDER, and writer, the hot Boardroom Leaders

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Additional info for Boardroom Realities: Building Leaders Across Your Board

Sample text

To women seeking directorships, Smith Orr offers invaluable advice on the work experiences, networks, and career planning approaches that will take you into the boardroom. Her chapter provides guidance for women directors on how to succeed in their role. The last chapter in this section on talent management looks at the hot topic of the board’s role in assessing CEO performance and setting and communicating CEO pay. In “Your Board’s Crucial Role in Aligning CEO Pay and Performance,” Roger Raber outlines five critical principles that must guide your boardroom actions and decisions in this regard.

The only explanation for this failure that I can come to is that these directors had become so complacent because of their confidence in their top management that they believed management would do nothing improper. 7 What he was referring to was the need for directors to be alert to unusual events or data, and to maintain a certain skepticism about anything that seems amiss. Although I still believe this is an apt description of what directors must do under such circumstances, my own experience as a director involved with several different crises has led me to the conclusion that smelling the smoke is just the starting point for effective action in such situations.

To start with, the directors come into the boardroom expecting to be treated as equals. This psychological expectation is rooted in a legal fact. In the laws of all fifty states, including Delaware (the state with the largest number of public incorporations), directors are jointly and severally responsible for all actions their board takes. Anyone who would exercise leadership— whether a formally designated leader or a director asserting himself to lead the board on a particular issue—who ignores the fact that directors expect to be treated as peers, does so at the risk of failing as a leader.

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Boardroom Realities: Building Leaders Across Your Board by Jay A. Conger

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