By Julie Garland McLellan on October 1, 2010
Company directors on not-for-profit boards are often required to make substantial donations to the cause, or to elicit substantial donations from their network. Those that can’t or won’t become major benefactors are, more or less subtly, removed from the boardroom. But does this model sit well with current notions of directors’ responsibility and the professionalization [...]
By Julie Garland McLellan on August 27, 2010
The role of the board changes as the company grows and the management team becomes more diverse, with a wide range of experts who can contribute to strategy in different ways. A company passes through several stages in its life cycle. In the first stage ‘Start-up’ strategy is developed and implemented by the founder and [...]
By Julie Garland McLellan on August 13, 2010
It has often been said that there is no place in the boardroom for a director who does not understand the business. Now we need to consider if there is room for one who does not understand internet enabled connectivity. Directors need to understand both the risks and the opportunities presented by the internet in [...]
By Carter McNamara on August 3, 2010
This is a guest post from Steven R Roberts Non-Profit Boards, charities, foundations must fight to establish a brand and a following. Therefore they must be led boldly or their missions will have little chance of being fulfilled. After chairing several non-profit boards, and being on a couple of for-profit boards, in the past twenty-five [...]
By Julie Garland McLellan on July 31, 2010
Recent calls by the governance advisory community for the individual voting record of each director to be disclosed to shareholders are missing an important aspect of boardroom dynamics – joint and several liability.
By Julie Garland McLellan on July 8, 2010
Jeff Jarvis’ latest book ‘What Would Google Do’ envisions the ways in which running businesses the way Google is run would change industries. It is impossible to read this book without having a few innovative ideas of your own. It got me thinking ‘What would Google do if they regulated boards or designed corporate governance [...]
By Julie Garland McLellan on June 27, 2010
The British Financial Reporting Council has just released an updated version of the corporate governance code. The new Code recommends “in the interests of greater accountability”, that all directors of FTSE 350 companies shoulder-elected by the shareholders each year at the AGM. As with all other provisions of the Code, companies are free to explain [...]
By Julie Garland McLellan on June 17, 2010
One of the most vexed issues when talking to people who aspire to company directorship is the simple question, ‘What does it take to be a director?’ There are few satisfactory responses. There are courses (some of which are very good and comprehensive) but none of these are accepted as proof that an aspiring director [...]
By Carter McNamara on June 10, 2010
Recent Breakthrough in Development: Systems Thinking One of the recent breakthroughs in organizational and management development is the ability to understand organizations and each of the various functions in them as a system. Each of the functions, such as Boards, planning, leadership, management, marketing, sales and finances is a system. Each of these functions is [...]
By Carter McNamara on June 1, 2010
The Corporate Secretaries International Association recently released a report, “Twenty Practical Steps to Better Corporate Governance.” It struck me that almost all of the steps applied to nonprofit Boards as well. (The Report refers to “corporate” governance, the phrase commonly used for for-profit Boards, which is a misnomer I believe because Boards are required for [...]