Succeeding in today's corporate and not-for-profit boardrooms is tougher than ever before, with new and established board directors facing myriad new and rapidly globalizing governance challenges. Directors and aspiring board candidates need a survival guide to beat the odds and avoid crises—the best credentials and the best of intentions aren't enough. This book is that guide.
Foreword by Herb Kelleher Acknowledgments Introduction 1. How to Get Appointed to a Board When You're Not a Household Name: Bring Something the Board Wants but Doesn't Have 2. Putting Shareholders First . . . Not Last: The Case for Dividends and the Role of Independent Directors 3. The Hide and Seek Game of Corporate Finance: Understanding Balance Sheets and Corporate Economics 4. When Bad Things Happen to Good Boards: Protecting Shareholders and Your Reputation 5. Meeting Your Fiduciary Responsibility: Your Personal Declaration of Independence 6. The CEO as Board Chair: How Aligning or Separating These Roles Frames the Game 7. Getting CEO Search and Succession Right the First Time: Don't Fumble the Handoff 8. The Audit Committee: The Board's "Fire Department" 9. The Fantasyland of Executive Compensation: Directors Ought to Know How Much Is Too Much 10. Cybersecurity Is Every Director's Business: Why Cyberattacks Are Existential Threats 11. The Leadership That Boards Need Now: The Most Critical Dynamics on Today's Boards Are Human Ones Appendix I: Navigating the Morass of Corporate Jargon: Don't Choke on Alphabet Soup (A Glossary) Appendix II: Sample Balance Sheet Appendix III: Board and Committee Self-Evaluation Form Notes Index About the Authors
John T. Montford is president and chief executive officer of JTM Consulting, LLC, the state and federal government relations advisory firm he founded in 2010, and chancellor emeritus of the Texas Tech University System. Joseph Daniel McCool is principal of The McCool Group, a global advisory firm that helps companies, universities, and not-for-profit organizations get better results from executive search, management succession, and the board nominating process.
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