Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage (J-B US non-Franchise Leadership) Review

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Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage (J-B US non-Franchise Leadership) ReviewThis book is targeted for those of you who sit on boards, might yet sit on boards, or have an interest in how boards can and should function in the post Sarbanes-Oxley world. After the high profile implosions of several major firms and the revelations of executive criminality, board negligence, and accounting failures, the relevant parties have put pressure on firms to do a better job of functioning in the best interests of the owners of the firm; the shareholders. Among other steps, this included making the boards more independent of the CEO (who was too often also the Chair of the board) and the executive management of the firm.
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
Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage (J-B US non-Franchise Leadership) Overview

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