The key challenge for any freshly-minted CEOs who finds himself in the position of top-to-bottom reorganization is to find a way to transition the relationship with the chairman and the board from subordinate to peer-to-peer.
Boardroom insider Ralph Ward says describing a board meeting “would be like telling me what a swell time you had at your last dentist appointment.” Here is his roundup of ideas you can try to make your next board meeting go faster, work better and achieve more.
With proxy season upon us, board compensation committees find themselves having to defend the exec pay choices they made over the past year, and prove that they’re really “paying for performance.” Too bad so many boards and companies do such a poor job of telling this comp story. What are some of the biggest boners CEOs commit when selling your exec pay plans — and how do you avoid them?
Sheryl Sandberg may have prompted a new conversation across business about “leaning in,” but surely the Facebook COO and champion of female CEOs everywhere didn’t actually mean to create a silly season for gender-policing pundits. There are lessons here for companies that sincerely try to elevate women executives.
Another knock-on effect of the ACA is that healthcare and hospital systems are struggling to cope with new managerial changes demanded of them. Increasingly, hospital boards want an outside perspective, along with different skill sets—and they are willing to go outside the industry to get it.
Company leaders who overstay their welcome ultimately hurt their organization’s performance new research suggests. In addition, management expert Ram Charan argues in his latest book, “Boards that Lead,”that CEO tenure is dropping in part because of boards are no longer reluctant to pull the trigger, but also due to the fact that more and more CEOs are unable to navigate a necessary change of course.
Both GM’s Dan Akerson and Ford’s Alan Mulally arrived at their respective positions from outside the auto industry. The former is the “accidental car guy” while the latter is the aviation engineer. Their exits are being closely watched but for slightly different reasons.
The SEC has just proposed a rule that will require all public companies to report the ratio between the total pay of the CEO and the median pay of all other employees (excluding the CEO). Some of the unintended consequences –particularly for employment– will be severe.
Grumbling about corporate boards — about long-tenured directors too cozy with management, for example — may be inevitable among investors, but new research by a young accounting scholar suggests surprisingly that at least one aspect of corporate organization suits Wall Street fine. Company performance actually rises with board tenure—but only up to a point–indicating there’s a tradeoff between knowledge and entrenchment.
When CEOs exceed expectations or outpace rivals they tend to reap big rewards and when they fall short of financial hurdles they tend to lose out on pay and bonuses. According to a reports from the Wall Street Journal based on a study by Equilar more and more S&P 500 CEOs have been clearing or exceeding the goals set by directors. But is this the complete picture? Since when is public company compensation representative for all CEOs?
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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.
