By Nancy May and Michael Graham
This article, which is an excerpt from a forthcoming book on board governance co-authored by Michael Dennis Graham of Grahall, LLC and Nancy May of BoardBench Companies, LLC is reprinted with permission from the November/December issue of PSX: The Exchange for People Strategy, an eMagazine that brings you cutting edge views and perspectives on all things related to people strategy
Our experience has taught us that a board can have a significant impact on an organization far beyond its governance decisions. So, if board members are selected and elected without considering what they bring in terms of knowledge, experience, and credibility, they could be doing more than just a disservice to the organization and its shareholders.
Continue reading “Should Board Governance Change?” »
All companies have stakeholders, which often have competing interests. In this article, Nancy May, President of Boardbench Cos. LLC., provides her thoughts on where corporate leaders should focus first, to ensure better outcomes for their companies, shareholders, and all stakeholders.
Continue reading “Customers First, Investors Last: What Were They Thinking?” »
According to a study by PWC, 94% of public companies regularly conduct an evaluation of their board. Since the NYSE requires all its listed companies to conduct some form of board evaluation (NASDAQ does not, but recommends it as good governance) this number is not a surprise. Unfortunately, both listing agencies are silent as to what an evaluation should be, what form it should take, or how it should be conducted. Small wonder therefore, that an “evaluation” can take almost any form, from an informal discussion about how the group is doing, to a full, detailed, peer-to-peer 360 degree assessment. For some directors, such a fully revealing look can be quite uncomfortable.
Continue reading “Board Evaluations: Get it Right for Better Boards” »