He adds: “After starting out as a cause celebre on behalf of strong executive leadership, stock options have lately come under a cloud for supposedly encouraging executive recklessness. In fact, the reality is more complex than either of these views would suggest. Our study concludes with a plug for straight-out stock grants as a safer alternative than options; still, there is no reason options cannot continue to be a useful tool provided boards strike the right balance between current and prospective wealth, a balance that will vary, depending on appropriate level of risk, from industry to industry and even from company to company.
“In short, this is a matter requiring active and continuing board involvement. Whether that happens in most companies — or whether boards simply take their cues from what other firms are doing — is another matter.”
The study, “ Executive Stock Options as Mixed Gambles: Revisiting the Behavioral Agency Model,” is in the April issue of the The Academy of Management Journal. a peer-reviewed publication published every other month by the Academy, which, with more than 18,000 members in 110 countries. The Academy’s other publications are the The Academy of Management Review, The Academy of Management Perspectives, and Academy of Management Learning and Education
Read: https://amj.aom.org/content/early/2012/07/20/amj.2010.0967.abstract
Read: https://journals.aomonline.org/InPress/pdf/done/291.pdf
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
