509 Posts Found

Yes. The critical process of defining clear IT priorities with the right amount of oversight and accounting is most successful when done in the context of a company’s unique business environment.

Content: Article | Authors: Deepak K. Goyal, Richard M. Melnicoff, Sandy G. Shearer | Source: Outlook Journal (Accenture) | Subjects: Corporate Governance, IT / Technology / E-Business

What’s fascinating about so many of the governance reformers is not that they are cynical about the role of boards, but that they are so idealistic. The notion that independent directors can, on a part-time basis, simultaneously and successfully formulate strategy, hire and fire senior executives, ensure rigid compliance with myriad global procedures, detect fraud, appropriately incentivize managerial performance, and oversee metrics for organizational performance, … [ Read more ]

Content: Quotation | Source: strategy+business | Subject: Corporate Governance

Research by Professor Todd Milbourn reveals a “dark side,” where companies reward CEOs simply for being lucky and where “yes men” often rule.

Content: Article | Author: Todd Milbourn | Source: Discovery@Olin | Subject: Corporate Governance

More than just a figurehead or, in some instances, corporate scapegoat, a company’s top executive does very specific work of his own. Here’s a look at every CEO’s top tasks and responsibilities.

Content: Article | Author: Peter F. Drucker | Source: CareerJournal (WSJ) | Subject: Corporate Governance

Multibillion-dollar governance debacles have understandably created new demands for radical reform. A “zero-tolerance” environment is evolving for both directors as individuals and boards as fiduciary institutions. The days when “independent” directors could receive hundreds of thousands of dollars in “fees” for marginal investments of time and effort are over.

Yet although the current sense of urgency and accountability may be new, the underlying problems of corporate … [ Read more ]

Content: Book | Authors: Ira Millstein, Paul MacAvoy | Subject: Corporate Governance

Many companies that thought they knew how to split them stumbled along the way. Five steps can make the process smoother and more successful.

Content: Article | Authors: Bob Felton, Simon Wong | Sources: CFO Publishing, McKinsey Quarterly | Subject: Corporate Governance

The bottom-line objectives for good governance are simple. The role of the board is to protect and grow shareholder wealth and ensure ethical and equitable corporate behavior for all stakeholders. The board must trust, but verify, the management team’s stewardship. Boards should reinvent their roles and the protocols under which they operate to be effective in recognizing and acting when necessary. How Corporate Boards (Should) … [ Read more ]

Content: Article | Source: Kearney | Subject: Corporate Governance

This report is a very comprehensive look at the various issues involved with IT corporate governance. It provides frameworks, toolkits, analysis and more. In the course of analyzing governance much in the way of strategy and management is considered. The report is a bit long (66 pages) but well worth the read. I highly recommend it.

Content: Article | Sources: BetterManagement.com, IT Governance Institute | Subjects: Corporate Governance, IT / Technology / E-Business

The job of the directors is to represent the shareholder and the board’s primary tool for doing that is by asking tough questions that elicit insightful responses. The best outcome from being ‘grilled’ by the board is not that management receives the authority to do what it wants to do. The best outcome is that management sees the world differently. Its powers of analysis are … [ Read more ]

Content: Quotation | Source: European Business Forum (EBF) | Subject: Corporate Governance

Expectations placed on directors have moved beyond selecting the CEO; they must now wrestle with the larger issues of redefining the board’s role, culture and operations-of preserving and increasing value on behalf of the company’s stakeholders.

Filling the CEO’s Chair offers a summary and analysis of the major findings of A.T. Kearney’s 2004 Corporate Governance Effectiveness survey of S&P 500 independent directors. It also examines changes … [ Read more ]

Content: Article | Source: Kearney | Subject: Corporate Governance

The company is under-performing, its share price is trailing, and the CEO gets…a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers’ influence over their own pay–and of a governance system that must fundamentally change if firms are … [ Read more ]

Content: Book | Authors: Jesse Fried, Lucian A. Bebchuk | Subject: Corporate Governance

A CEO’s goal should be credibility, not celebrity. In the quest for credibility, CEOs should avoid anything that feeds expectations. Underpromising won’t guarantee success, but overpromising is the surest path to failure. This often means being more boring, less newsworthy, and less available than the press would sometimes like.

Content: Quotation | Source: Across the Board (ATB) | Subjects: Corporate Governance, Leadership

Corporate governance has undoubtedly improved in Asia. Some countries-Singapore in particular-have made significant progress. The next step is to instill the new behavior, and that will take time. Many corporate leaders, investors, and regulators in Asia articulate the benefits of more effective corporate governance. But they understand that enduring reform won’t be achieved overnight and that, in the short term, many practical impediments and disincentives … [ Read more ]

Content: Article | Authors: Dominic Barton, Paul Coombes, Simon Chiu-Yin Wong | Source: McKinsey Quarterly | Subjects: Corporate Governance, International – Asia

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Today, in the new environment where Boards must be proactive, investigative, accountable and actually govern a company or nonprofit organization, no serious company or nonprofit organization can omit Board training.

This article lays out some of the basic elements of such a training program. It identifies what should take place prior to the one day Board of Directors training program in order to prepare the … [ Read more ]

Content: Article | Authors: Herb Rubenstein, Paul E. O’Flynn | Source: CEO Refresher | Subject: Corporate Governance

Board meetings can be a gigantic waste of time if not run appropriately. On the flipside, they can be a valuable source of input and guidance for a management team in the pursuit of maximizing shareholder value. While there are a number of different ways to approach and run a board meeting, I thought I would outline a few of my philosophies on them, and … [ Read more ]

Content: Article | Author: Ed Sim | Source: BeyondVC | Subject: Corporate Governance

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A top of the line corporate jet can cost a company up to $35 million. But a new study shows that when chief executive officers trade in first-class commercial tickets for private planes, the cost to shareholders can be far greater.

Editor’s Note: I am not sure what, if any value, this article offers but I must admit it was an interesting read…

Content: Article | Author: David Yermack | Source: STERNbusiness (NYU) | Subjects: Corporate Governance, Miscellaneous

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