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—John A. Krol, lead director, Tyco; director, MeadWestvaco and Ace Insurance; former CEO and chairman, Dupont; and NACD Director of the Year in 1998
"By detailing the evolution of board dynamics in the post–Sabanes–Oxley environment and providing insight into new best practices, Ram Charan has developed a comprehensive guide to creating and maintaining a next–generation board. These pages will help every executive stay ahead of the curve—with winning strategies for prospective board members, as well as for executives trying to develop their boards and management teams."
—Ivan Seidenberg, chairman and CEO, Verizon
"For boards, this is it—the guide every director needs, from the world authority on how real boards work today."
—Geoffrey Colvin, senior editor at large, Fortune magazine; co–host, Fortune Boardroom Forum; and co–anchor, Wall Street Week with Fortune
"This excellent book will help countless managers and directors. A practical masterpiece!"
—Richard H. Brown, director, Home Depot and DuPont
"I offer high praise for Boards That Deliver, the latest creation from the fertile mind of Ram Charan! Timely, relevant, and succinct—this could be Charan’s best work to date."
—William T. Solomon, chairman of the board, Austin Industries
Product Description
Boards That Deliver gets beyond the rhetoric of corporate governance reform. It captures the tried–and–true practices used by high–performance boards. In contrast to experts who base prescriptions on number–crunching exercises, Charan identifies the real problems that drain directors′ time and suppress their best judgmentsâ and explains clearly and succinctly how boards can solve those problems. These battle–tested solutions help boards achieve what rules and regulations alone cannotâ to get succession right, refine a winning strategy, and design a rational CEO compensation package.
Good governance requires leadership. Boards That Deliver is the no–nonsense guide for directors and CEOs who are rising to the leadership challenge to make their boards a competitive advantage.
Boards of directors have undergone a rapid transformation since the Sarbanes-Oxley Act of 2002. Read the first page
Concordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Ram Charan explains how firms can `evolve' from being an old style Ceremonial Board to become a Liberated Board and then grow into an active and effective Progressive Board. He emphasizes that Progressive Boards have to emphasize the Group Dynamics of the board (how the team works together and how synergistically their talents combine), the Information Systems they use (relevant information they can get outside what is packaged for them by the CEO), and that the board focus on meaningful and relevant issues rather than getting distracted by the minutiae of board processes.
The author explains each of these three qualities in detail and deals with issues of CEO selection, management, and succession. He also talks about how the board should function when it has fully `evolved'. Charan also provides a few helpful questionnaires you can use to determine how your company is doing in certain key areas.
An interesting and helpful book for the target audience.
Reviewed by Craig Matteson, Ann Arbor, MI
The book is written in a highly accessible style with just enough tools to help executives understand board dynamics, information and success factors. This makes it an ideal book to pick up for a long plane flight or a weekend to upgrade your knowledge and skills.
Sarbanes Oxley and board oversight concerns were the genesis for this book as boards move from what Charan calls Ceremonial to Progressive. However, Charan writes about practices for effective boards helping this book stand the test of time.
In a world where there are fads, changing strategies and constant pressure, executives need to take some time out to reinforce what matters and get back to basics. This is one of those books that everyone should pick up and read.
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