Directors & Boards articles from September 1995

Directors & Boards archives from September 1995

Activating an IPO board. (initial public offering)(Letter from the Chairman)
September 22, 1995... For the past three years, the initial public offering market has been hot, sometimes white hot, and a steady stream of new registrations continue to be filed. Last year, 619 U.S. companies went public, raising $45 billion. In 1995, it appears...

A winning business model for the '90s. (Sun Microsystems Inc.)
September 22, 1995... The companies that succeed in the years ahead will be the ones that challenge and change conventional wisdom -- not just on the fine points of doing business, but on the fundamentals of being a business. And that means adopting a new business...

The vitals of accountability.
September 22, 1995... Considering the recent, well-publicized strife and scandal with several prominent CEOs and boards, it is no surprise that the integrity of the corporate governance process is on trial. Boards of directors can expect a higher degree of public...

The changing culture of boards. (corporate boards)
September 22, 1995... The doors of the boardroom have swung open, pushed not only by institutional investors but also by the business press and the public at large. What used to take place in a strictly closed forum has now moved into a more open arena. ...

Best practices in director pay. (directors of corporations)
September 22, 1995... Early in 1995, the National Association of Corporate Directors (NACD) commissioned a study on director compensation. The special Blue Ribbon Commission consisted of 19 members, including corporate chairmen, chief executives, outside directors,...

Boards of a different breed. (directors of corporations)
September 22, 1995... High technology is the rage of Wall Street. Relatively new companies in computers, software, telecommunications, networking, and biotechnology, most of whom are listed on the over the counter market, are considered higher-risk investments. The...

Getting underway in board formation. (board of directors)
September 22, 1995... For the smaller company, an initial public offering (IPO)promises immediate influx of capital, visibility, less dilution of ownership than through private offerings or venture capital financing, creation of stock as currency to leverage...

Turning on prospective investors.
September 22, 1995... When a private company considers going public, attention is typically turned to making sure the financial statements are audited, investment bankers are selected, and lawyers are retained. As a result, private companies often overlook critical...

Pre-IPO preparations for the board. (initial public offering)
September 22, 1995... Rare today is the maturing private enterprise whose management hasn't thought seriously about public ownership. Even the most conservative executives, who might normally want to defer an initial public offering (IPO) until they have...

Image, identity, and IPO success. (initial public offering)
September 22, 1995... What attracts investors to an initial public offering? Most company executives planning an IPO focus on financial performance. The balance sheet, however, is but one of the important factors that together create perceptions which influence...

Be bold with wealth incentives. (compensation)
September 22, 1995... The history of LBOs and the entrepreneurs who leave big companies to start small ones is largely a history of inadequate wealth incentives. Big companies largely follow competitive pay strategies, and those strategies ensure that management...

The quest for the best in governance practice.(Interview)
September 22, 1995... Codifying best practices in corporate governance is a subject that has occupied the attention of boards of directors on both sides of the Atlantic. For U.S. companies, the GM Board Guidelines on Significant Corporate Governance Issues, made...

SpencerStuart/Directors & Boards: directors roster.
September 22, 1995... This edition marks a record number of companies listed in the Directors Roster. On the following pages, you will see profiled the board recruitment results of 241 companies -- everyone from giant IBM Corp., which added a major media executive...

An at-a-glance directors' resource.
September 22, 1995... As a director, you may have access to all the information you need about the company on whose board you serve or are being invited onto. But given that board missteps make for headline news - not to mention the basis for costly...

The vitals of accountability. (boards of directors)
September 22, 1995... The key issue for our board, and for every board in America today, is how to ensure accountability. Considering the recent, well-publicized strife and scandal with several prominent CEOs and boards, it is no surprise that the integrity of the...