Download Boardroom Excellence: A Common Sense Perspective on by Paul P. Brountas, Paul S. Sarbanes PDF

By Paul P. Brountas, Paul S. Sarbanes

In Boardroom Excellence, writer Paul Brountas, a company legal professional with greater than 40 years adventure, discusses the traits and elements of powerful forums in today’s post-Enron atmosphere. Written in a concise layout, the e-book is stuffed with informative sensible recommendation for board individuals of non-public, public, and nonprofit companies. Boardroom Excellence comprises an educated dialogue of primary company governance concerns, together with the tasks and tasks of administrators and the right kind interplay of the board with the CEO and administration.

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Chap 3 42 7/27/04 | 1:47 PM Page 42 Boardroom Excellence ° Do we properly evaluate management and the board to determine where and how we need to improve? Who Runs the Company? Most CEOs are not particularly fond of independent directors, especially those who are noisily independent or contentious. Although they welcome the advice, support, and camaraderie of their board members, they do not react well to criticism, disagreement, or skepticism. They believe that as chief executives of their companies, they are charged with the responsibility of running the company, and they are aware that the corporate laws of nearly every state grant them, together with the executives they employ, the right to manage the business and affairs of the company.

Mindful of her need to refrain from further disturbing the meeting and other directors’ concentration, she frequently leaves the meeting to take or make calls on her cell phone. ° The Know-It-All: Imperious and implacable, he has the answer to every question and the solution to every problem. Chap 3 7/27/04 1:47 PM Page 37 Role of the Board of Directors | 37 people, and his success in defending himself in the seven lawsuits plus two SEC investigations brought against him over the past five years.

Abby Cohen, a well-known Goldman, Sachs & Co. analyst, noted that post-Enron companies are putting out the “cleanest” data in a decade. ” The result is that directors are better attuned to and more serious about their board responsibilities. The Criticisms The new law nevertheless has also inundated corporate executives and board members with new time-consuming obligations, complex rules and procedures, and recommendations for good practices that, if not properly balanced, could result in leaving insufficient time to focus on the business of the corporation and increasing shareholder value.

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