By U. Lindgren
In line with distinct entry interviews with major chairmen and senior executives, All Above Board examines the foremost features of the right twenty first century board, how and why badly led forums fail, and what adjustments should be made to enhance board habit and potency for most sensible perform.
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Extra info for All Above Board: Creating The Ideal Corporate Board
By the time the CEO finishes his presentation, the Chairman looks at his watch and has to finish the meeting. It is now 12:10 PM, and they are ten minutes late. One board member whose taxi had been ordered to pick him up at noon sharp, has already excused himself and left the meeting room. The chairman announces the time and place of the next meeting, and the board meeting is concluded with his wishes for a great summer for everyone. Everybody leaves the head office of the company in a hurry. Lessons to be learned Reality case: ‘A Morning in the Boardroom’ • Important and relevant material must be documented and distributed well in advance of the meeting.
Finally, also under a two-tier structure, we have seen examples of working Tandem pair solutions. But even the best of Tandem solutions can be damaged by too much shareholder politics and in-fighting. The research highlighted several very happy Tandem partners who expressed their comfort with the well-functioning and balanced relationship. 35 All Above Board 36 But as in any marriage, it takes an effort by both parties to work to maintain an amicable and at the same time professional modus operandi between the two individuals involved.
Chairman and CEO: tandem at the top Lessons to be learned Reality case: ‘The Chairman & CEO Tandem’ • The skills and competence of the two top leaders should complement each other. • The relationship between Chairman and CEO is key for a functioning corporate governance. • If the relationship does not work, one of the two must leave. 39 CHAPTER 5 The owner and the board ‘I am here to execute the intent and directions set by the Owner,’ one Chairman said during the interview. ‘But I do not know who the owner is; he has no face and hardly any voice.