Posts Tagged ‘succession planning’

Boards’ New Mantra: Communicate

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Expert Perspective by Grahall’s OmniMedia Editorial Board

Joann Lublin wrote a very interesting article for the Wall Street Journal recently, titled Season of Shareholder Angst: U.S. businesses are bracing for a noisy proxy-voting season this year, although we think the anxiety may be felt more fiercely by board members than by shareholders.  In her article, Ms. Lublin covers a variety of topics weighing heavily on the minds of boards and shareholders alike, including say on pay, political contributions, succession planning, board elections and environmental concerns. 

Say on pay has been in the headlines for years. It was a campaign issue in the 2008 presidential elections and we have been discussing this subject in our blogs for that long as well.  The Dodd Frank Act mandated that all public filers hold “say on pay” votes in 2011, so this proxy season has companies scrambling to make recommendations to shareholders on the frequency of these votes. 
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Filed under: Expert Perspective - Organization Development, Expert Perspective - Rewards



The Power Play: Employee Engagement May Not Be Relevant at All Levels

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Expert Perspective by Grahall’s OmniMedia Editorial Board

We think that Katherine Ratkiewicz missed the mark in her article Replacing Rahm.  Ok maybe  Ratkiewicz is just trying to “engage” some HR folks into attending the Engagement & Retention Conference.  But to suggest that Rahm Emanuel is leaving the Obama administration because he is “…feeling disengaged” is just silly.   As Obama’s Chief of Staff, Mr. Emanuel is one of the most important figures in the Obama administration.  He holds significant power: granting or withholding access, helping Obama determine priorities, etc.   To draw a parallel to the business word, Emanuel is an amalgam of C-Suite Administration and Operations executives with a healthy dollop of a “gate keeping” Lead Administrative Assistant.  
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Filed under: Expert Perspective - Organization Development



If it’s not one thing…

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Expert Perspective by Grahall’s OmniMedia Editorial Board

expert perspective telescopeExecutives and boards might have thought that having made some minor changes to their executive pay practices that they could breathe a sigh of relief and put a year of brutal questioning from media, the public and legislators behind them.  Some of those publicly criticized executives and boards have even made some New Years’ Resolutions to “trim some fat” off the executive compensation rolls, to “help others” though charitable donations and to “improve” their organizations’ risk management policies with callbacks.  But a few others should have added one last resolution: “quit procrastinating” and finally establish thoughtful and thorough succession plans and policies for the top positions, particularly the CEO.

Two recent articles starkly depict the issues associated with a failure to plan for succession. 
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Filed under: Expert Perspective



Paying Big Bonuses Exposes Wall Street’s CEO Succession Failure

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Published in Bloomberg January 27, 2010 by Lisa Kassenaar

Eight days before Christmas, Kenneth D. Lewis took the stage for his last public act as chief executive officer of Bank of America Corp. Hundreds of his workers watched from red velvet seats in Charlotte, North Carolina’s McGlohon Theater, a former Baptist church with tall stained-glass windows and a Byzantine dome.

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Filed under: Newsfeeds



Companies Report Lack of Management Successors Onboard

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Published in World at Work January 14, 2010

More than half of large and midsize companies report that, despite a high unemployment rate, they don’t have enough management successors currently onboard, according to a new survey.

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Filed under: Newsfeeds