ABC Florida East Coast Chapter’s Post

A first-time CEO asked me how they should think about managing their Board of Directors. While so much depends upon the personalities and experiences of the directors they are inheriting, there are a few fundamentals that I like to believe create the most value. 1. Board members should be valued "thought partners." To get the best out of the Board, you need to operate with a high level of transparency - give them the pros, cons and uncertainties (and self-inflicted disappointments). 2. Challange the board members to seek insights, not ideas. 3. The CEO should respect the Board's duty to insist on what I refer to as "intellectual integrity" (or more politely, intellectual consistency) - holding the management team accountable for doing what they said they would do and receiving thoughtful assessments of the results. 4. I always liked to encourage an attitude of pragmatic optimism. As Ronald Reagan said, "look for the pony in the pile." If you don't know that story, look it up. All of these rely upon a culture of mutual trust. Easier said than done.

In a recent conversation with Criticaleye, Vanda Murray OBE DBA (Chair, Yorkshire Water and SID, Bunzl plc) shares her view on navigating complex boardroom challenges. Vanda shares the importance of returning to the basics in driving sustainable, long-term performance. She emphasises four key pillars: people, performance, risk, and strategy. Key insights include: - 🌱 Sustainability and ESG remain at the forefront of boardroom agendas. - 💼 The role of the Senior Independent Director is evolving into a more proactive and collaborative partnership with the Chair, focusing on governance oversight and stakeholder concerns. - 🔍 In today's fast-paced landscape, Boards must prioritise transparency, stakeholder communication, and continuous evaluation to ensure alignment and drive organisational success.

One of our September CFO meetings was focused on executive incentive plans. What are best practices, what types of structures are there, how best to design a program that is a cultural fit for your company? All great questions that we pondered in a robust conversation along with Kristina Maritczak from Cairncross & Hempelmann. Ready to expand beyond your knowledge base and make authentic connections with your peer CFO's? At our core, our mission is to encourage executive leaders to have honest conversations by fostering a safe environment for collaboration and learning. Reach out to Audrey Hicks to learn more.

Of all the decisions that a company’s board of directors makes, choosing the next CEO is arguably the most crucial

Earlier today, I reflected on the importance of a strong board of directors. I was impressed by the words of renowned corporate governance expert David R. Beatty, who explained that: As stakeholders, we are all affected by the actions of an entity's board of directors. David encourages anyone appointed to a board to make a meaningful and lasting impact on the organization by becoming a value-adding director. In my view, any board's decision should be positively shaped around the entity's economic, social, and governance (ESG) priorities. #goodgovernance #leaderhip #board #ICSA #masterclass #myview #HE #viral

Elevate Your Board's Effectiveness with Board Advisory Services! Discover how additional support and guidance can empower your board to navigate complex challenges and achieve long-term goals. Learn more in our latest article: https://lnkd.in/gV_xQsc5 #boardadvisory #boarddevelopment #corporategovernance #strategicplanning #boardleadership

𝗕𝗼𝗮𝗿𝗱 𝗧𝗿𝗼𝘂𝗯𝗹𝗲𝘀 & 𝗪𝗼𝗲𝘀: 𝗠𝘆 𝗕𝗼𝗮𝗿𝗱 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗶𝘀 𝗴𝗶𝘃𝗶𝗻𝗴 𝗺𝗲 𝗮 𝗵𝗲𝗮𝗱𝗮𝗰𝗵𝗲!! As illustrated in the chart in the comments, the dynamics of board governance can significantly impact the functioning and direction of an organization. The range can be great.  🔹 Staff,  🔹 Managers,  🔹 Governors,  🔹 Advisors,  🔹 Figureheads,  This framework outlines varying levels of involvement and responsibility across governance models. Understanding these distinctions is crucial for organizations aiming to optimize board effectiveness and alignment with their goals. By clarifying board roles and responsibilities, organizations can enhance coordination, direction, counsel, and endorsement, ultimately leading to more efficient and impactful governance structures. So at the next board meeting what if we printed this framework and had a robust discussion about: 🔹 Where do you currently function? 🔹 Where we’d like to be in 1-3 years?   🔹 What steps are needed to get there? 🔹 What staff or board members do we need?  Kevin Trotter, Kyle DeFur, Greg James, Jeremy Rodgers, Matt Lesser #CEOconversations #boardofdirectors

Corporate boards are a compass that guides organizations through effective governance and strategic planning, and Smith Anderson attorney Amy Batten moderated a panel discussion for the Research Triangle chapter of the National Association of Corporate Directors (NACD)’s conference, "Leading from the Boardroom: Board Composition, Compensation and Succession." The panel discussed “Optimized Board Structure and Effectiveness” and covered how board structure, size and focus must adapt to meet the evolving needs of organizations.

Corporate boards are a compass that guides organizations through effective governance and strategic planning, and Smith Anderson attorney Amy Batten moderated a panel discussion for the Research Triangle chapter of the National Association of Corporate Directors (NACD)’s conference, "Leading from the Boardroom: Board Composition, Compensation and Succession." The panel discussed “Optimized Board Structure and Effectiveness” and covered how board structure, size and focus must adapt to meet the evolving needs of organizations.

Corporate boards are a compass that guides organizations through effective governance and strategic planning, and Smith Anderson attorney Amy Batten moderated a panel discussion for the Research Triangle chapter of the National Association of Corporate Directors (NACD)’s conference, "Leading from the Boardroom: Board Composition, Compensation and Succession." The panel discussed “Optimized Board Structure and Effectiveness” and covered how board structure, size and focus must adapt to meet the evolving needs of organizations.