Should Board Governance Change?

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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.
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Do You Know the Five Essentials of Pay for Performance?

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By David Fisher of Fulcrum Partners and Thomas E. Miller of The VisionLink Advisory Group

This article 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.

As unique as your organization is, it shares certain fundamental objectives with other companies, regardless of whether those companies are within your niche or are highly dissimilar in their service, product, structure or culture. Every organization has goals to meet, stakeholders to satisfy and a strong need to continually attract and retain talent, all of which must be accomplished while carefully maintaining balances of short-term and long-term compensation and variable versus guaranteed reward.
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Digital Relationships: An exercise in saving time or giving up control?

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Are your organizational systems defeating innovation and creativity?  Marvin Smith of Deliberate Synergy provides a framework for assessing your organizational systems to determine if they support or stifle innovation and creative thinking.
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The 7 steps for successful projects – What?

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Charles Patton examines how in order to launch a project and create a sense of urgency organizations must describe the results that are expected to be achieved: this is the “WHAT”. Answering the question WHAT does not describe the journey, rather it’s the destination. It’s “knowing where you are going “and this is a critical step to achieving buy in.
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Why Do So Many CEO Compensation and Employment Contracts Go So Wrong?

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Michael Graham examines the challenge of creating a responsible value exchange strategy to attract and retain the right CEO to head a business, while at the same time ensuring this is compatible with the over-all objectives and business strategy of the company.

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The Next Revolution in People Strategy May Not be so Much about People

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The problems of workers finding jobs will be exacerbated by the expansion of cognitive technologies  …thinking robots, if you will. Michael Graham looks at how the cozy synergy between increased automation and worker productivity (resulting in increased wages and job opportunities) seem to have derailed, leaving many workers un-and under-employed and the middle class at risk of obsolescence.


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Customers First, Investors Last: What Were They Thinking?

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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.


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Didn’t Split Dollar Life Insurance Plans Go Out With “High Button Shoes”?

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The renaissance of Split Dollar using loans as leverage can present an excellent opportunity to solve a number of issues facing executives today. As Bob Birdsell illustrates, this leverage allows participants to invest in the S&P that contains downside risk protection. And the only cost to the participant is the tax cost on the imputed interest tied the short term AFR and his/her cash contribution.


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Maximizing the Utility of Executive Retirement Plans

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In his article, “A New Look at Executive Retirement Plans,” Phil Currie of Fulcrum Partners explains why current downtrends may be compelling organizations and compensation committees to revisit a venerable standby in the benefit plan lineup: DC SERPs: the hardest-working component in a retirement plan line up.


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