By U. Lindgren
In response to distinctive entry interviews with best chairmen and senior executives, All Above Board examines the most important services of the proper twenty first century board, how and why badly led forums fail, and what alterations should be made to enhance board habit and potency for most sensible perform.
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Extra resources for All Above Board: Creating The Ideal Corporate Board
We have sworn to each other never to mix the two. It is hard sometimes, but it works if professionalism prevails between equals. And in our case, it does. ’ Key issues for a successful ‘tandem’ The key aspect of the Tandem has been previously listed, mutual trust and respect. But successful teams are not created by themselves, at least not in large corporations. There are several factors that tend to come up during the duration of the Tandem relationship. Here are some of the more important: 1.
D. colleagues, one of the first assignments we had was a strategy consultant for a family-owned group that had grown into a highly diversified conglomerate during the 1970s and early 1980s. Our small firm had been engaged by the management team to conduct a review of long-term corporate strategy of the group. We were both proud and happy for this highly prestigious assignment and conducted a review of the portfolio of businesses of the client. We came to the conclusion and recommendation that the family-owned group should concentrate on its core business, and, as a result, divest of its non-media assets.
The truth was that the issue of the bonus had not yet been decided upon and any plans to award a bonus or variable performance-based compensation was supposed to be limited to the chairman and the selected members of the bank’s Compensation Committee. Some other board members had given their opinion on the issue to the chairman but he had as of yet not taken any action and no decision had been made. 37 38 All Above Board In fact, the two had already begun the discussion of the yearly compensation last year.
All Above Board: Creating The Ideal Corporate Board by U. Lindgren