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Together with a wider reference to the international picture, this book covers issues of corporate governance and board effectiveness. It includes greater shareholder activism, the split between chairman and managing director roles, board selection and moral and social issues.
This book provides unique and powerful insights into what it takes to succeed as a chairman leading a modern organization. Based on global research, the authors unveil the six disciplines of world-class chairmen. Leading the Board will become the standard work of reference and inspiration for the world's chairmen and would-be chairmen alike.
This study of the chairmanship traces the evolution of the position from its World War II origins through the first post-Cold War chairmanship. It sketches the careers of my predecessors from Omar Bradley through Colin Powell and those of the first two Vice Chairmen. In doing so, the book shows how each dealt with a wide variety of political, diplomatic, and military challenges. Its brief accounts of the histories of 'The Tank, ' the Chairman's flag, the Joint Chiefs of Staff badge, and the designation of an official residence for the Chairman provide additional information about the Office of the Chairman. The author think that all who are interested in the institutional development of the US military will find the book instructive.
Practical, real-world advice for the most challenging of positions The role of the chairman of the board is an art form that varies with the size, type, and corporate climate of the organization. Chairman of the Board provides practical guidance on this critical role, offering advice on matters such as how to work with the CEO, ethical considerations, corporate social responsibility, and performance evaluation of boards and board members. Seasoned executive Brian Lechem discusses regulatory requirements and legal exposures relating to board responsibilities and how to minimize risks to company resources. Real-life examples illustrate how challenges have been met by companies with both positive and negative results. Information on board regulations for not-for-profit and government agencies and Canadian and U.K. companies lends the book broad appeal.
How to structure the leadership of large corporations - and specifically whether to split or combine the roles of Chairman and CEO - remains an active and often controversial question.Under recent shareholder pressure, Walt Disney Company preemptively amended its corporate governance guidelines to require the board of directors to provide annual justification whenever the roles are combined, as they currently are. At Disney and an increasing number of major corporations, the board is obligated to revisit the structure question on a regular basis.One of a board's most fundamental responsibilities is putting in place the best leadership team possible, and there's no easy answer to the structure question. The trend is toward splitting the Chairman and CEO roles, as activist shareholders and corporate governance monitors generally prefer. But there are very successful companies with firm allegiance to keeping the roles combined. And less successful companies have compounded their business problems by changing the structure at each wrong turn.In order to cast new and up-to-date light on the question of whether and when to change the Chairman-CEO structure, we studied the experience of the Fortune 100 over the last decade and more. In this report we share our observations, conclusions, and recommendations regarding leadership structure, including the increasingly important role of independent Lead Director whenever the Chairman and CEO roles are combined. I hope you find this report informative and useful, and welcome the opportunity to discuss its findings and implications.
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