By U. Lindgren
According to certain entry interviews with top chairmen and senior executives, All Above Board examines the major capabilities of the right twenty first century board, how and why badly led forums fail, and what alterations may be made to enhance board habit and potency for most sensible perform.
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Extra info for All Above Board: Creating The Ideal Corporate Board
But the chairmen pointed at the closer interaction with the state owner, represented through the Government. Therefore, despite the criticism and questioning of state ownership we find many times in media and politics, the reality seems to indicate that the state as an owner de facto does take on an active role and interacts with the board. This has an impact on the strategy and direction of the corporation. The critic would argue that this is all fine, but the real issue is whether the quality and relevance of such interactions and briefings is adequate and good enough.
The key success factor for a Tandem to be effective is that both leaders show each other mutual respect, and that there is a strong bond between them based on mutual trust. Both chairman and CEO must have access to accurate and relevant information to support their jobs. The chairman must have full access to such information through a well defineda nds tructuredp rocess. As one of the chairmen said, ‘We are good friends, of course, but we had to draw a line in the sand; where friendship stops and business takes over.
They grouped the issues into five categories: ‘Strategic’, ‘Operations’, ‘People’, ‘Key Business Issues’, and ‘Personal Issues’. Typically, they tried to meet twice per month, often in a private setting but always well prepared along the previous lines. They both felt that they complemented each other very well. The chairman had a long career in industry himself. He had been a member of the board of another bank in the past, but this specific engagement was his only board directorship at the moment.
All Above Board: Creating The Ideal Corporate Board by U. Lindgren
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