A STELLAR BOARD STARTS WITH THE RIGHT PEOPLE WITH THE RIGHT MINDSET In parts of Indonesia, Komodo Dragons make unwelcome and unannounced visits to villages that border their habitat. Even though the giant lizards and humans lived in harmony for generations, contention exists now. Environmentalists have imposed new policies in aRead more
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THE BOARD’S ROLE IN CEO SELECTION Historically, incumbent CEOs anointed their successors, but that all changed in the post Sarbanes-Oxley environment that required the consideration of the entire board. Now the CEO’s job involves preparing one or two strong internal candidates—ensuring leadership continuity and the CEO’s legacy. However, selecting the rightRead more
Volatility has established a new norm in this country. We can pinpoint when it started and the reasons for it, but we can neither control it nor predict its demise. The only other alternative is to respond to it more aggressively with more structure and better ideas. That means CEOs need better, more immediate adviceRead more
In American folklore, the feud between the Hatfields and McCoys has long served as a metaphor for bitterly warring rival parties. However, this twenty-eight-year dispute in the backcountry of West Virginia pales in comparison to the battle that rages among thought leaders about the best way to lead a board. Some steadfastly hold to theRead more
As senior executives look for ways to improve their performance and ensure their success in the future, they consider many traditional approaches but overlook the one that stands to have the greatest impact on both their long-term personal and professional feelings of accomplishment—membership on a board of directors. Why? In my thousands of hours ofRead more
