Directors & Boards articles from June 2000

Directors & Boards archives from June 2000

Are you MBO-ready?(Brief Article)
June 22, 2000... IN SMALL AND micro-cap companies, frustrated directors are questioning whether the stock market will ever value their corporate performance. Despite several years of increasing sales and earnings, their stock has languished while that of larger...

No bumbling here.(Brief Article)
June 22, 2000... REGULAR READERS of DIRECTORS & BOARDS know that they can always count on lead columnist Hoffer Kaback to skillfully dissect the merits or demerits of a governance matter. From his first column, "Pals on the Board' in our Winter 1997 issue, he...

When deals go sour.
June 22, 2000... Directors who exercise less than rigorous oversight should share culpability with the CEO. HOW SHOULD accountability be apportioned when an acquisition championed by the buyer's CEO, and duly approved by its board (almost always...

Risky business.
June 22, 2000... Directors must do whatever we can to safeguard our arguably most valuable asset -- information. ALTHOUGH information systems are critical to business success, many CEOs regard them as the most difficult function to manage. Just to discuss...

Think dual coverage.
June 22, 2000... For directors and officers, a D&O policy often is not enough. Other exposures threaten. WHATS IN A NAME? Far too much if it will lock you into narrow thinking. As a director or officer, you know that you should have D&O liability...

Deputizing directors.
June 22, 2000... New SEC rules create new duties for directors. A few safeguards for your consideration. LAST DECEMBBR, the Securities and Exchange Commission issued a series of new rules regarding audit committees. While the new rules purport to require...

Finding the perfect prince.(Brief Article)
June 22, 2000... The process of candidate evaluation is one of the most critical yet difficult any board member faces. ALL BOARDROOMS should display King Richard II's counsel: "They well deserve to have that know the strongest and surest way to get."...

A 'green' director for the boardroom.(Brief Article)
June 22, 2000... As with any director, all a conservationist wants to do is to help the company make better decisions. THE SHAREHOLDERS and directors of the forest products and building supplies company Louisiana-Pacific Corp. recently asked me to sit on...

Harvard Business Review on Corporate Governance.(Review)
June 22, 2000... Published by Harvard Business School Press, Boston, Mass., 227 pages, $19.95 BY ANY MEASURE, Harvard Business Review on Corporate Governance is an important new contribution to the field. A thoughtful, balanced collection of articles and...

The End of Shareholder Value.(Review)
June 22, 2000... Allan A. Kennedy Published by Perseus Publishing, Cambridge, Mass., 237 pages, $26.00 ALLAN KENNEDY has written an important and timely book. He has also revealed himself to be an insightful student of business history -- and a...

The Audit Committee Handbook (Third Edition).(Review)
June 22, 2000... Published by John Wiley & Sons Inc., New York, 446 pages, $60.00 OVER THE PAST TWO YEARS, corporate audit committees have received nearly unprecedented attention from regulators and professional organizations. Recent initiatives include...

Saul Steinberg: Facing the future.
June 22, 2000... With the restructuring of his Reliance Group underway, the famed financier reflects on a broader canvas of business and personal issues and events in his life -- a life lived under withering public scrutiny. UPON HEARING the name Saul...

What should we expect from a board?
June 22, 2000... To demand more from boards than they can provide, or to demand the wrong things from boards, will surely be counterproductive. THE DECADE OF the '90s was marked by perhaps unprecedented attention to corporate governance. The board of...

The unique nature of small-company boards.
June 22, 2000... Small companies need to be creative and resourceful in recruiting new directors. Here is a realistic assessment of the challenges of small-company board service, and some strategies for enticing qualified individuals to serve. OVER THE...

Evaluating your internal auditor.
June 22, 2000... Do you have the right person in place as the head of the internal audit operation? Here are the principal characteristics that an audit committee needs to look for. THE BOARD OF DIRECTORS' role in choosing the organization's leader is, and...

The empowered corporate secretary.
June 22, 2000... Here are the important objectives that are achieved by designating the corporate secretary as the formal corporate governance officer of the company. CORPORATE GOVERNANCE activism has come into its own in the last decade to become a force...

New challenges for the D&O market.
June 22, 2000... The Internet and the trading tactics of individual investors are among the emerging forces that are increasing market volatility and creating an atmosphere for additional securities-related lawsuits. NEW TECHNOLOGIES, changes in investment...

Governing the family company.
June 22, 2000... Both the business and the family are in need of governance. Here is how boards can organize themselves and how directors can approach their role to successfully take on this much broader responsibility. MOST FAMILY COMPANIES are...

Filling the 'financial expertise' gap.(New laws force changes to investment firm boards)
June 22, 2000... With June 2001 compliance looming, here are several suggested solutions for recruiting financial talent to the board. NEWLY AMENDED SEC regulations for audit committees will require boards to take careful stock of their members, from the...

Directors Roster.(Brief Article)
June 22, 2000... In affiliation with Spencer Stuart -- quarterly record of new director appointments AS EXECUTIVES prepare to join a board, many wonder what role they will have in the company's strategic planning process. Three of the 230 directors joining...

Leo H. Hindery Jr.
June 22, 2000... Veteran cable executive makes a board connection to the high-speed operations of Telocity Inc. LEO H. HINDERY JR., chief executive of Global Crossing Ltd., has cut a compelling swath in media and cable industry circles. A protege of cable...

Margaret Williams.(appointment)
June 22, 2000... Hillary Clinton's former chief of staff finds a new opportunity for action and advocacy on the board of Delta Financial Corp. BACK IN 1992, Margaret Williams was up to her neck in books, living in an apartment in Philadelphia and finishing...

Rick Green.(CEO of UtiliCorp United)(Statistical Data Included)
June 22, 2000... Facing twin challenges of deregulation and global expansion, this fourth-generation CEO of UtiliCorp United recruits directors to help with these changing dynamics. IN 1982 RICHARD C. GREEN JR. is dealt a devastating blow. His father, the...

Virgis W. Colbert.(Miller Brewing Co. executive vice president)
June 22, 2000... Miller Brewing's No. 2 executive is tapped for board duty at Weyco Group. WITH 21 YEARS in the brewery business, Virgis W. Colbert knows what it takes to produce a fine tasting mug of beer. He is the No. 2 executive at Miller Brewing Co.,...

DIRECTORS & BOARDS DIRECTORS ROSTER.(Recent appointments)(Executive Changes)
June 22, 2000... 3COM CORP. 5400 Bayfront Plaza Santa Clara, CA 95052 has added to its board: James R. Long Bio Notes: Has 35 years of management experience in the high-technology industry. Retired in 1999 after serving eight years as...

Director, educate thyself.(Board member training; Jean Head Sisco speech)(Brief Article)(Excerpt)(Transcript)
June 22, 2000... `Continuing education for directors -- we need it now more than ever.' Ed. Note: Jean Head Sisco, who received the 1999 Director of the Year Award from the National Association of Corporate Directors, died this past April. A tribute to her...