Gain the Advantage: Diversify Your Corporate Board
Over the years, we have found that bringing in external directors to diversify the boardroom brings with it a plethora of benefits.
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Quick Reads
How Strong Leadership Can Fuel Corporate Boards
Today’s economy continues to offer extensive growth potential for engineering and construction (E&C) companies. Yet, a shortage of available resources can ultimately limit organizations’ abilities to maximize these opportunities.
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Is Your Board Propelling Organizational Strategy or Holding It Back?
For building product manufacturers, a good board of directors can play a catalytic role in supporting the successful creation and implementation of strategy.
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Canada: Four Fundamentals of Highly Effective Boards
When done well, assembling a peak-performing advisory board pays significant dividends for engineering and construction firms.
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Characteristics of a Peak Boards Chair
The position of board chair is one of distinction and influence. While it is common for successful executives to move into this role, there are nuanced differences in the type of leadership skills required to be a peak-performing chair versus that of CEO (or other executive-level positions).
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The Behind-the-Scenes Work of the Board – Committees
Research shows that high-functioning boards actively engage in strategy development, risk mitigation, succession planning and monitoring organizational performance. These high-level, strategic responsibilities typically play out in four or five meetings per year. With such short touch time together as a team, how do boards ensure the depth of thinking and attention to detail essential to make wise […]
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The Importance of Onboarding your Directors
Once you’ve identified your team of directors, a formal onboarding process will ensure that they provide value to the organization from the outset. Without a formal onboarding process, it can take years for new directors to add significant value to your board – representing a significant waste of both time and dollars.
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Creating a High-Impact Board: How to Find the Proper Blend of Competencies, Perspectives, and Experience
It was business as normal until the end of Rocks Construction’s fall quarterly board meeting, when the CEO announced that he was retiring in 18 months. This came as a surprise because the last time the CEO’s retirement was discussed, the actual event wasn’t planned for another 3-5 years.
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Board Involvement in Succession Management
Is your board of directors succeeding with succession? The board is responsible for keeping the company aligned and moving towards fulfilling its longer-term vision. However, an opportunity that many boards miss involves succession management. Succession planning is perhaps a board’s most important role; the choice of the next CEO is a key determinant of the future state of the organization.
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Board Members, Accountability, and Misguided Loyalty
Have you ever read a news article where directors are quoted giving a glowing endorsement of the current CEO, only to find that same CEO stepping down a few months later under a dark cloud amid stories of misconduct? What brings those board members to ignore negative information and paint a gloriously healthy but misleading picture of the organization?
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