"A Must Read"
Anne M. Mulcahy, Chairman and CEO, Xerox Corporation
BUILDING BETTER BOARDS
We′re nearing the end of an era. The age of the imperial CEO and the ornamental board of directors is waning, but what comes next isn′t clear. Every board of directors is approaching a fork in the road, forging new working relationships at the top of the corporation. The path each company takes will have huge implications for its shareholders, employees, and corporate leaders.
Building Better Boards is a practical and provocative blueprint for helping CEOs and boards create real value by striking the right balance between contention and collaboration. It′s an approach to corporate governance that goes far beyond minimum compliance with legal requirements; this is about enabling the board, for the first time, to perform as a team in a way that significantly improves the quality of management′s decisions without interfering with management′s prerogatives.
In an engaging style, Building Better Boards provides a unique glimpse at the complex interplay of egos, interests, and interpersonal dynamics that dictates how boards and CEOs operate. Based on Mercer Delta Consulting′s unparalleled experience in working with top corporate leaders, supplemented by rigorous research conducted with the University of Southern California′s Marshall School of Business and with the National Association of Corporate Directors, the book is a unique and invaluable resource for all those involved with and concerned about the future of corporate governance.
Part One: Board Leadership and Dynamics.
1. A Blueprint for Building Better Boards.
2. Board Composition.
3. Director Performance.
4. Board Leadership: Structures and Roles.
5. Board Work Processes.
6. The Role of Leaders in Shaping Board Culture.
Part Two: Critical Areas of Work.
7. Engaging the Board in Corporate Strategy.
8. CEO Performance Evaluation.
9. The Board s New Roles in CEO Succession.
10. The Board s Role in Corporate Crises.
11. Board Assessment.
Part Three: Emerging Issues Outside the United States.
12. Special Issues in Corporate Governance in Canada.
13. U.K. Corporate Governance.
Conclusion: Recommendations for Building Better Boards.
Appendix: 2004 NACD Blue Ribbon Commission on Board Leadership.
David A. Nadler is chairman of Mercer Delta Consulting. He is the author or editor of fourteen books, including Champions of Change, Discontinuous Change, Executive Teams, Competing by Design, and Organizational Architecture.
Beverly A. Behan is a partner in the corporate governance practice of Mercer Delta Consulting. She has worked with more than fifty boards in the United States and Canada.
Mark B. Nadler is a partner in and the executive editor of Mercer Delta Consulting, overseeing the firm′s publications and consulting to senior executives on communication issues.