Celebrity Advisors Provide Visibility and Cache in the Right Doses

Before the implementation of what will one day undoubtedly be referred to as “modern governance practices”, it was accepted for public companies to add a little star power to their boards of directors. Business experience was not necessarily required. Actor Sidney Poitier served as a director on Disney’s board. Boxer Evander Holyfield once served on [...]

Essential Consideration when Evaluating a Board: the Life Cycle Stage of the Organization

In the wake of the boardroom deficiencies uncovered during the 2008 Wall Street crisis, more attention than ever before is placed on sound responsible corporate government practices. It’s true that boards of directors come in all shapes and sizes. And it’s true that there is no magic one-size-fits-all formula that can provide organizations and shareholders [...]

The Problem or the Symptom?

The topic of women in the boardroom has been discussed over and over. Some European countries have even instituted quotas so that there are more women directors. My recommendation is to back to the source of the problem. There are not enough women operators/general managers or CEOs. The bottom line is that the CEO skill set [...]

Corporate Governance Lessons from News Corp.’s Hacking Scandal

In the past few weeks we have been treated to the oftentimes shocking spectacle of News Corp. Chairman and CEO Rupert Murdoch, one of the world’s most powerful media moguls, publicly refusing to accept responsibility for the criminal phone hacking activities of employees of his now-shuttered News of the World British tabloid. The eighty-year old [...]

The Top Ten Take-Aways from the Yale Corporate Governance Forum

On June 16th and 17th Yale University’s Millstein Center for Corporate Governance and Performance hosted its 6th annual Corporate Governance Forum. The theme of this year’s conference was “Governance Fit for the Long Term” and depending on one’s frame of reference this can be taken in any number of ways. Nevertheless the conference was chock [...]

The Do’s And Don’ts of Recruiting, Developing and Retaining an Excellent Board of Directors!

An experienced, well-trained and well-informed Board of Directors is the lifeblood of every organization whether it be for-profit, non-profit, public or private. The members of the board should play a large role in determining the strategic direction of the organization and of course take the lead in succession planning. Additionally, some of the biggest decisions [...]

Disney’s Board: Looking Good and Doing Even Better!

The Walt Disney Company is a giant in today’s media and entertainment industry. It is known globally for its amusement parks, cartoons, movies, television series and a very lucrative toy business. Looking back over its glorious past, it seems that Walt Disney was created to be successful eternally. But it hasn’t always been this way. [...]

Buyer Beware: Sage Advice to Those Considering Their First Board Seat

Women in the boardroom or the lack thereof is a popular topic of conversation in a variety of business circles. The institution of quota systems to increase the number of women directors has been implemented in Norway with success and a number of other countries are discussing adopting the same policy.  There still seems to [...]

Back to the Drawing Board…

The fact that women in the boardroom is good for business has been discussed and even proven in a variety of studies. Several years ago Catalyst Inc., a leading nonprofit working to promote more inclusive workplaces published the results of a study in which it was shown that additional women on corporate boards leads to improved financial performance [...]

Does BP Also Stand for Board Preoccupied?

BP's Deepwater Horizon rig explosion is a disaster. Simply, unequivocally and without a doubt. But it has happened and what we have now is a situation requiring decisiveness and action. Tony Hayward as CEO of BP has been the face of the company and thus viewed as the culprit in this catastrophe. However, he alone [...]