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Boards of Directors

Boards: Choose a CEO for Long-Term Growth, Not Just a Turnaround

It seems a familiar story these days—a company on rocky ground for a few quarters suddenly finds itself rudderless as the chief executive is let go or departs for greener pastures. In the resulting vacuum, the pressure to make an immediate hire can be intense. But companies are well served to think carefully about whether they truly need a "corporate savior" who can devise and carry out a turnaround strategy in short order, or whether a long-term leader is better suited to lead the company back to market success.

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What You Need to Know Before Accepting a Position as a Nonprofit Board Member

You've been asked to serve on the board of a nonprofit organization. Should you accept? Membership on a nonprofit board is a rewarding experience for many CEOs whose skills and experience running a company make them especially valuable to the organizations they serve. CEOs should, however, conduct due diligence regarding the organization and understand the duties of board membership prior to accepting a board seat.

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Data Security: A Board Responsibility?

business review

In 2014 alone, there were nearly 800 identified data breaches involving over 85 million records, according to the Identity Theft Resource Center Data Breach Reports. Regulatory officials have rushed to propose cyber security guidelines and adopt cyber security requirements. In addition, multiple lawsuits have been filed alleging that board misconduct significantly contributed to the financial fallout from compromised company data.

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Time For a Do Over: How Do You Move On When You’ve Picked the Wrong CEO Candidate?

Saporito

Seeing the need for a new CEO, a client went about it the right way and began developing a thoughtful, strategic succession process. The company began grooming two or three in-house candidates, eventually zeroing in on one they thought would be ideal. However, the dynamics changed as the process went on. In cultivating their CEO-to-be, they came to realize they were actually betting on the wrong horse.

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6 Steps for Successfully Negotiating With an Activist Investor

Before launching an all-out offensive against an activist investor, both sides should consider a middle path. No one has a monopoly on wisdom, and often an activist will have a worthwhile suggestion. Moreover, being willing to listen to properly presented ideas from a significant shareholder is part of a CEO’s and a board’s fiduciary responsibility.

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