1. Articles in category: BoardBlogs

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    1. The New Boardroom Professions By: Mark Rogers

      The New Boardroom Professions By: Mark Rogers

      All too often, board member recruitment proceeds like a checklist of professions. In truth, the skill sets represented by these professions are important assets to the effective functioning of a board of directors. As organizations face today’s growing economic challenges, their boards must respond similarly in regard to their perspective on boardroom recruitment.

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      Mentions: Chairman
    2. The Growing Role of Boards in Risk Management By: Mark Rogers

      The Growing Role of Boards in Risk Management By: Mark Rogers

      Traditionally, the role of risk management in a business setting is delegated to executive management.  However, as the term “risk” has broadened in scope to include not just direct financial risk, but other areas of a company’s operations where lack of oversight can impact the bottom-line, boards of directors are increasingly taking a more active role in risk management.  Although the U.S. Securities and Exchange Commission (SEC) has spurred this effort, boards are quickly realizing that they can no longer blindly delegate the responsibility of risk management to their executive teams. 

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    3. WHO’S SITTING AT THAT BOARD TABLE WITH YOU? By: Ralph Ward

      WHO’S SITTING AT THAT BOARD TABLE WITH YOU? By: Ralph Ward

      You look around the table at your next board meeting, and ask yourself… how well do I really know these people?  The chief executive, the other directors, a top manager or two, maybe some investor or fund representatives.  You know their names, and a bit of background, of course. Still, much about the men and women sitting at this table with you remains a mystery.

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      Mentions: Chairman
    4. Board to Zuckerberg: Say “Mobile” By: Mark Rogers

      Board to Zuckerberg: Say “Mobile” By: Mark Rogers

      As part of BoardProspects’ official launch last week, we attended TechCrunch Disrupt 2012 in San Francisco.  The Conference brings together leaders from all over the technology industry, including Reid Hoffman (LinkedIn), Tim Armstrong (AOL), Marissa Mayer (Yahoo), and Jack Dorsey (Twitter).  However, the most anticipated appearance at the conference was Mark Zuckerberg’s.  It was the first appearance by Facebook’s CEO and Founder since the company’s disastrous IPO. Although he touched on a number of different issues during the interview, his primary focus was to keep saying the word “mobile” over and over again – try 17 times over ...

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      Mentions: Chairman
    5. Damage Control – Here’s hoping you’ll never need it (Part Three) By: Jim Farrell

      Damage Control – Here’s hoping you’ll never need it (Part Three) By: Jim Farrell

      In the last blog, I outlined some steps for talking with the media in the event of negative publicity. But what do you do, as a board member or business owner, if you answer all of the reporter’s questions and despite your efforts to “play ball,” something unflattering appears about you in print and on the Internet, where it is even more difficult to control. What do you do? 

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    6. Damage Control – Here’s hoping you’ll never need it (Part Two) By: Jim Farrell

      Damage Control – Here’s hoping you’ll never need it (Part Two) By: Jim Farrell

      My last blog addressed damage control – what happens when your board, or your company, encounters some negative publicity. Suppose, for example, that as chairman of a highly visible Board of Directors you are presented with the unfortunate news that your bookkeeper has embezzled more than $100,000 in funds and the newspapers have gotten hold of the story. What do you do? Whether you work with a PR firm or handle these situations on your own, the first step is to be prepared to deal with this kind of attention if it happens, and to have a plan.

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      Mentions: Chairman
    7. Groupon’s Board Can’t Get Out of its Own Way By: Mark Rogers

      Tough economic conditions, as well as growing competition from sites such as Living Social and Fab have significantly contributed to Groupon’s downfall.  But the economy and competition are only a part of the story.  Groupon’s board of directors has also played a substantial role in contributing to the decline in investor confidence in the company – highlighted by a recent report that Groupon board members have invested in a competitor to the site. 

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      Mentions: Chairman
    8. Knight Capital Will Test Whether Board Additions Mean Improved Governance By: Mark Rogers

      Knight Capital Will Test Whether Board Additions Mean Improved Governance By: Mark Rogers

      Knight isn’t just any brokerage firm. It is the largest trader of U.S. shares by volume, a fact that makes their blunder on August 1 all that more surprising. It started with a software glitch that left the brokerage firm with a $440 million loss. Many, including its own executives, questioned whether the company would survive. However, thanks to an injection of capital from outside firms, Knight has lived to fight another day. Now those firms have appointed their own representatives to Knight’s Board of Directors. The three new directors face the unenviable position of ensuring that ...

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      Mentions: Chairman
    9. The 70:20:10 Rule of Board Learning By: Debra Beck

      The 70:20:10 Rule of Board Learning By: Debra Beck

      The faulty assumption is that boards can only learn if (a) they are called together for a formal training event and (b) that experience is led by an all-knowing instructor who will pour all of the "right" answers into their heads. When that is accomplished, poof. Our boards will miraculously get their act together, achieve some governance perfection, and stop holding us back. It may sound good in theory, but there's just one problem: not only is it not how most adults actually learn, it's not even the way they learn best. But in assuming that training events ...

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    10. Attire Does Make the Board Member By: Mark Rogers

      Attire Does Make the Board Member By: Mark Rogers

       As a member of a board of directors, you are there to represent the interests of the organization’s stakeholders, be it the shareholders in a public or private company, or the public at large in a non-profit charity. So what is the appropriate attire at a board of directors meeting? The important thing to understand is that the attire a board member wears to a board of directors meeting should reflect their approach to the seriousness of their commitment to the organization and its stakeholders.

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      Mentions: Chairman
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