Directors & Boards articles from March 1993

Directors & Boards archives from March 1993

The power and the process. (board of directors)
March 22, 1993... Boards must change. They cannot continue to be constrained by old-style structure and tradition. Here are some suggestions for revitalizing the board. In the last few years, the foundation of the world economy has been altered dramatically by...

The smart director. (corporate director)
March 22, 1993... Good decisions are based on good information. Here are some ideas for rethinking and enhancing the information flow to the board The fast-paced, hyper-competitive, litigation-prone business environment that today's corporate directors operate...

A board visit to China. (board of directors)
March 22, 1993... Recently, China has been enjoying renewed attention in the business world. This once mysterious area seems finally on the verge of fulfilling the promise that has captivated foreigners for hundreds of years. While many companies are now rushing...

A director's performance appraisal. (corporate director)
March 22, 1993... It is no longer presumptive to give boards and their members a performance evaluation. Here is a suggested test of 'boardworthiness.' Exclusive standards and group anonymity have long masked individual directors' contribution to company...

A position description for the board. (board of directors)
March 22, 1993... A position description is one of a number of measures by which the board can organize itself to make an effective contribution. Much has been written and talked about that the United States has lost its leadership role in the world economy,...

The lead director. (corporate director)(includes related articles)
March 22, 1993... In many boardrooms today, such a leader is already recognized by management and the outside directors. In more than 70% of the major British public companies, the chairperson of the board is not the chief executive officer. In these British...

The retired CEO: on or off the board? (chief executive officer; board of directors)(includes related article)
March 22, 1993... The CEO staying on the board after retirement presents a catch-22 dilemma for both the company and its shareholders. Here are some recommendations. One issue that goes to the very heart of corporate governance is the role of current and former...

The best ways to pay directors. (corporate directors)
March 22, 1993... Companies are casting about for innovative ways to compensate quality directors for their labors. Here is a panoply of ideas for consideration. DIRECTORS & BOARDS enlisted five specialists in board organization and compensation for their best...

The board, the proxy, and executive pay. (executive compensation)
March 22, 1993... The new SEC rules provide an opportunity for the board to communicate its philosophy and objectives. But care must be taken in exercising this freedom. Executive compensation now is a communications issue. When the Securities and Exchange...

Protecting the board. (corporate directors' risk coverage)
March 22, 1993... Here are 10 of the most frequently asked questions about D&O insurance -- what directors want to know, and should know, about their risk coverage. Keeping your business life separate from your personal life is nearly impossible if you are a...

Reform your governance from within. (financial management system)(includes related article)
March 22, 1993... A financial management system guided by 'Economic Value Added' responds to the needs for improved governance and empowerment in the information age. CEO resignations, proxy battles, contested board seats, and compensation carping fuel the...

Change begins at 'square zero.' (corporate governance)
March 22, 1993... At Square One, executives think about how to get the most out of what they do; at Square Zero, they think about what they ought to do. I confess that I have very mixed feelings when discussing the Unisys turnaround. For one, I see too many...

Guidelines offered on scope of action. (determination of corporate executive pay)
March 22, 1993... In May 1992 the NationalAssociation of Corporate Directors formed a "Blue Ribbon Commission" to study the controversial issues of determining corporate executive pay. The NACD, a Washington, D.C.-based educational organization, brought together...

Getting the best from your board. (board of directors)
March 22, 1993... The Chief Executives' Council is a collegial group of 13 retired chief executives whose mission statement reads: "To share with current CEOs the practical real-life experiences of former CEOs in problemsolving situations, either as objective...