Acting badly . . .but without bad faith: recent court cases
compel a new urgency by directors to ensure against any process fail
OVER 20 YEARS AGO, the case of Smith v. Van Gorkom sent shock waves
through board-rooms across the country. In that case, the Delaware
Supreme Court held that directors may be personally liable for . . .
'MVP'.(LETTER FROM THE CHAIRMAN)
WITH THE 2008 baseball season wrapping up, sports writers will
select "the most valuable player" in each league. In the
National League, the past two MVPs have come from my home team, . . .
Making lemonade.
Every company has to invest resources in governance, risk
management, and compliance - GRC for short. That's a fact of life.
So why not do it in a way that creates more value and a bigger payoff?
. . .
"I never saw it coming".
Have you ever wondered why so many companies are unprepared for the
barrage of risks they're facing these days? Or why otherwise
capable leaders often get caught looking the wrong way when . . .
Hiding in plain sight: how to find and develop the next
generation of directors.(HEIDRICK & STRUGGLES GOVERNANCE
LETTER)
It's TOO SOON TO SAY that the CEO director is a vanishing
breed but ... a revolution in slow motion is certainly under way when we
look around the boardroom.
At companies large and small, many . . .
Some of all fears.(EDITOR'S NOTE)
AGREAT EDITOR is motivated entirely by fear." That was a
comment made by Esquire Editor David Granger during a round of promotion
interviews for the magazine's 75th anniversary issue published . . .
What's your story?(Governance, Risk and Compliance )(Brief
article)
There's no shortage of reasons companies use to avoid the
obvious improvement opportunities that come from integrated GRC. How
many of these sound familiar to you?
* This is a long-term problem . . .
Apples and oranges?(Brief article)
This book is both a call to action and an action plan. It's
about taking better control of literally thousands of governance, risk
management, and compliance activities that companies struggle with . . .
Who's on board 2007; Directors Roster annual review of newly
elected board members.(DIRECTORS & BOARDS' DIRECTORS
ROSTER)(briefs
THE DIRECTORS & BOARDS Directors Roster is a quarterly record
of new director appointments. It is compiled from public and private
sources by the editorial staff of DIRECTORS & BOARDS and . . .
Stakeholder face-off in the Facebook age: the board challenge
ahead: Be better prepared to use the Web proactively and reactivel
IN TODAY'S SUSTAINABILITY-CONSCIOUS WORLD, Communication needs
of stakeholders have expanded beyond traditional reporting to include
regular updates on corporate sustainability performance. Most . . .
Hail to the chief: straight talk on corporate governance from the
new POTUS.(QUIDDITIES)
THE NEW President of the United States strides into the room for a
February 2009 news conference and indicates that he is ready for
questions.
MSNBC (Chris Matthews): As my old boss Tip O'Neill . . .
Now that you know what you don't know.
Nine ways you can start taking action today
1. Take the long view
2. Don't delegate this one
3. Make the business case
4. Start where you are
5. Getting ahead of risk
6. Work from the . . .
Ouch!(Brief article)
Few companies have a good handle on the wide range of policies and
processes that are intended to manage risk and compliance. That's
because they approach the functions separately, tacking them on . . .
2007 article index; The hot issues and agenda items that
Directors & Boards authors addressed last year.(2007 ARTICLE
INDEX)(Com
Advisory Boards
How an Advisory Board Drives Innovation--With its design advisory
board, Procter & Gamble offers a strong example of how to create an
advisory board, how to manage it . . .
D&O insurance: a pressure check: as companies caught
'financial flu,' liability risk rose. A few educated guesses
about what's a
IF YOU, AS A BOARD DIRECTOR, had been stranded on a desert island
for the past year, and you were rescued today, you might not recognize
the financial world to which you returned. For one thing, . . .
A textbook case of board risk: the dangers are unreal ... the
liabilities are very real.(SUTTON'S LAWS)
MY WIFE and I were personally sued in a class action suit for $458
million
This was roughly $459 million more than we were worth back then.
You see, I chaired this college. A student group . . .
Just ask.(Cynara scolymus)(Brief article)
Treating risk management and compliance challenges as an
opportunity to contrlol costs and improve performance requires stepping
back to get a good look at the overall landscape. Then it's . . .
The squeeze is on.
After collectively spending billions on compliance activities over
the years, many companies are suffering from "compliance
fatigue." And though it's tempting to just leave it all
behind, that's . . .
Our man in governance: An appreciation: columnist Hoffer Kaback
at the decade mark in filing provocative dispatches on board pra
HOFFER KABACK celebrated his 10th year as lead columnist for
DIRECTORS & BOARDS in 2007. That's an impressive run.
Columnists are susceptible to high burnout. Writer Nora Ephron said it
best: . . .
The year in governance; A month-by-month recap of the people,
actions, and organizations that defined and refined board oversigh
JANUARY
STARTING OFF THE YEAR with a bang, Home Depot Chairman and CEO
Robert Nardelli announced his resignation on Jan. 3. He never quite
recovered from a fiasco of a shareholder meeting in . . .
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