If you are contemplating a GC hire—whether for the first time, your current GC is leaving, or you are a new CEO building out your team—considering the following points during the hiring process will help provide the best outcome.
Mid-market firms must have policies in place to ensure they are neither promoting nor bearing the brunt of governmental favoritism.
Chief executives run the company, but the board of directors must also lead the organization on the most crucial issues. Monitoring is still important. Governance matters. But the time has come for boards to rebalance their responsibilities. Directors need to know when to take charge, when to partner and when to stay out of the way.
Need to overcome an embarrassing situation, rescue your brand from financial disaster, shift the company in a new direction or shore up some expertise in a currently weak area? It may be time to make a change to your board, as these companies are.
Boards of directors are finding themselves in a position of having to shore up their tech skills in an area where, a year ago, they didn’t have any skills at all beyond simply asking the CTO, “Is our data security working? Great. Good. Have a nice day.” Now they’re struggling simply to understand the right questions to ask.
If you are one of 6,000 U.S. CEOs whose company uses raw minerals in your products, it's time to comply with the Dodd-Frank Act.