By U. Lindgren
According to particular entry interviews with best chairmen and senior executives, All Above Board examines the main services of the right twenty first century board, how and why badly led forums fail, and what adjustments should be made to enhance board habit and potency for top perform.
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Extra info for All Above Board: Creating The Ideal Corporate Board
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. This is not the forum for such a more philosophical debate, although I believe most regard the issue as being highly relevant. To conclude, the nature and execution of ownership does have an impact on the relationship between the owner and the board. Therefore, relationship could be argued on the long-term strategy of the corporation and its impact also on the strategic mandate of the board.
There are significant lessons to be learned from this episode, not only for professional advisors such as consulting firms, investment banks, lawyers and others, but most certainly for board members. Another interesting example is based on the experiences of senior board member of a large family-controlled publicly listed group in Asia. We have made the board the key instrument in communicating the values and strategic goals of our group. This is the most important strategic goal we define; that every business in our group should be embraced by our core values and virtues.
We have made the board the key instrument in communicating the values and strategic goals of our group. This is the most important strategic goal we define; that every business in our group should be embraced by our core values and virtues. In fact, we systematically review the portfolio of the group (the company is highly diversified; my comment). Businesses found not to meet our core value criteria will be divested. The senior board member added: It is the primary task of the boards in the various businesses to communicate and translate these values and virtues, that are many times of ethical nature, and therefore sometimes a bit complex to define and understand for management.
All Above Board: Creating The Ideal Corporate Board by U. Lindgren