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Managing Your Board

Interactive Case Study

Turning Over the Reins at Hill Holliday

Issue: Jack Connors: Managing Succession

In picking his successor as head of ad agency Hill Holliday, founder Jack Connors focused on an insider

Analysis: Mike Sheehan on Taking Over

Respect for a founder's unique role in company culture is key to preserving the best of it, says the CEO of Hill Holliday

Comment: What Would You Do?

"I admire a company that seems to give so much back to the community. Are they still doing that in the down economy?"

—Gloria W.

Reader Poll

Should a CEO be allowed to pick his successor?

Globality: Harold L. Sirkin

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Warnings from Iceland

Iceland went from boom to bust and could be headed for a double dip. Could the same happen in the U.S.?

 

RISK MANAGEMENT: BEN W. HEINEMAN JR.

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Redefining the CEO Role

How fundamental governance changes within corporations can enhance accountability and increase investor confidence

 

Headhunter Hint

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Plain Old Hard Work

Perspiration still wins over inspiration. Being a professional doesn't mean you have to be super-motivated in everything you do. It means playing at the top of your game and performing as if you were inspired.
—Mark Jaffe, Wyatt & Jaffe

 

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Top Stories

Lesson from BofA: Avoiding a Succession Debacle

Having an actionable emergency CEO succession plan ensures your board will avoid the criticism now plaguing Bank of America in the wake of Ken Lewis' resignation

Capitol Hill's Corporate Governance Agenda

Say on pay, proxy access are a given, writes Directorship's Judy Warner

Shaking Up Your Board of Directors

Smart boards and nominating committees will put together slates of corporate directors that can stand up to increased shareholder scrutiny and activists

New Law Gives Shareholders More Power

Delaware entities will have to put shareholder nominees on the proxy and reimburse successful campaigns. The SEC and the Senate have new regs in store, too

A New Agenda for Boards of Directors

Directors need to restore trust and reset their goals, says Ira M. Millstein, associate dean for corporate governance at the Yale School of Management

Albert Gordon: Financial Leadership the Old-Fashioned Way

The Kidder Peabody legend brought a purposefulness and responsibility to the business that his contemporary counterparts would do well to learn

CEOs Change, but Problems Can Persist

Does sending a CEO packing help in troubled times? Experts aren't so sure

Boards Must Take On Risk Management

You've heard of the Qualified Financial Expert, or QFE? Perhaps your board should consider a new acronym as well: QRE, Qualified Risk Expert

Executive Compensation: What Obama's Plan Means

The Administration's attempt to deal with excessive pay is more about procedure than substance and will allow most companies to self-govern

Directors' Pay: The Median Is the Message

Director compensation at large-cap companies is beginning to moderate

Outsourcing Gets Crimped by Recession

Discretionary IT projects are getting the ax as companies review costs, hurting sales and growth for outsourcing providers

Beverly Behan: The Boardroom

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Six Alarm Bells for Corporate Board Members

National Association of Corporate Directors President Ken Daly on six things that should alarm directors about a company's risk governance

 

Harvard Business Online

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Why Wagoner Had to Go

Companies finding themselves in a downward spiral need fresh views, not just redoubled efforts to do the same thing while waiting for the recession to end, says Rosabeth Moss Kanter

 

The Drucker Difference: Rick Wartzman

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AIG, and Drucker's Glimpse at a Very Dark Place

The AIG debacle brings to life Peter Drucker's warning about how societies can suddenly unravel, writes Rick Wartzman

 

CEO Insight: Meg Whitman

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Meg Whitman on the Right Culture

Former president and CEO of eBay, Meg Whitman discusses the cumulative positive effects that come from facing tough dilemmas, making decisions, and then explaining them to people

 

Viewpoint: SpencerStuart

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A New Leadership Model for Financial Companies

The Wall Street crisis calls for the new financial-services firms to be run much like conglomerates and for executives with much greater depth and breadth of management skills

 

Featured Blog

What's more important is how the BofA board rights the bank's leadership course. This obviously includes the coveted prize, a new CEO, but to emphasize that decision at the expense of other more important matters represents bad governance. It also underlines the misguided longly held belief that great talent will solve anything.

Jeremy Garlington, Management IQ

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