…meeting to review quarterly financial statements and receive regular reporting, using an online platform that supports information sharing and group discussion. The board might meet separately to discuss emerging strategic… Continue Reading Evolving Board Practices in a Virtual World
…incentives tied to performance against agreed-upon criteria. In the best of times, this is a complex decision. It will now be further impacted by financial performance and stakeholder considerations –… Continue Reading How Should You Evaluate Your CEO’s Performance This Year?
…breaks so directors can chat informally as they would in person. Lean on open-ended questions – while a screenful of nodding heads is a good sign in an online meeting,… Continue Reading Chairing in the New Paradigm
…with respect to your human, technological, and financial capital and map out potential scenarios for the future. Be open to opportunities and prepare to act quickly if needed. 5. Make… Continue Reading Reflections From The Pandemic: What it Means for Governance and Leadership
…show a united front Let the chair know if they or the board are overstepping into operations or creating an undue burden on management Acknowledge the shifting line… Continue Reading The Chair-CEO Relationship During a Crisis
When it comes to getting on a board, the resume that got you your job may not make it past the first round of screening. Boards are taking a more… Continue Reading Is Your Resume Board Ready?
…senior team (e.g., additions or restructuring of the senior team) – this relates to financial materiality, risk, and organizational effectiveness Input into performance reviews (and potentially any important actions arising… Continue Reading Succession Beyond the CEO
…have always been purpose driven. Without the guise of maximizing returns, they have always had to define their purpose beyond financial results. The challenge for NFPs often comes from consistently… Continue Reading ESG for Not-For-Profits
…our strategy? What can we do to mitigate this? What are the financial implications of this decision? What severance is the CEO entitled to (contractual or common law)? What else… Continue Reading Terminating the CEO
…other stakeholders; financial or legal consequences; and, in this case direct and indirect health risks. Directors need to support each other and their executives to uphold a high standard even… Continue Reading In the Boardroom: COVID, Travel and Tone at the Top
