Boards At Work: How Corporate Boards Create Competitive Advantage by Ram Charan
Behind closed doors, in corporate boardrooms across America, a quiet revolution is taking place. Boards of directors – long an unrealized source of competitive advantage – are transcending their traditional roles to proactively influence the future direction of their companies. Ram Charan shares an intriguing, first-hand account of how a small but growing number of exceptional boards are changing the face of corporate governance. He also shows how CEOs can tap the vast reserve of experience and wisdom a board’s membership represents.
The Halo Effect…and the Eight Other Business Delusions That Deceive Managers by Phil Rosenzweig
Phil Rosenzweig unmasks the delusions – errors of logic and flawed judgments that distort our understanding of the real reasons for a company’s performance – that are commonly found in the corporate world. These delusions affect the business press and academic research, as well as many bestselling books that promise to reveal the secrets of success or the path to greatness. Such books claim to be based on rigorous thinking, but operate mainly at the level of storytelling. They provide comfort and inspiration, but deceive managers about the true nature of business success.
The Recurrent Crisis in Corporate Governance by Paul Macavoy and Ira Millstein
Named one of the 2003 books of the year in the Economist: “A convincing explanation of why, despite all of the recent reforms in American corporate governance, there will probably be more firms that go the way of Enron.”
In the last thirty years, there has been a gradual erosion in the abilities and responsibilities of corporate boards.
In addition to the ethics scandals that have plagued companies both new and established over the last three years, a number of over-diversified, over-staffed companies experienced failures that might have been avoided had there been proper oversight on the part of the board. While reform of the governance system has received considerable attention from the press, business leaders, and politicians, there have been few analyses of what is really happening on a systemic level, and even fewer workable suggestions for reform.
The Recurrent Crisis in Corporate Governance provides an expert assessment of what went wrong on corporate boards and how to fix them. The book begins with both a legal and economic examination of corporate governance during the last three decades, including the broad issue of boards taking on responsibilities without being able to fulfill their obligations because of the lack of access to information and people within the corporation.
The authors then go on to show the correlation between strong board performance and strong company performance, make the case for separating the CEO and Chair positions, comment on the collapse of nine major corporations, including Global Crossing, K-Mart, Lucent, and Qwest, and provide suggestions on how boards can be more effective stewards of the shareholders’ and public’s trust.
Building Better Boards: A Blueprint for Effective Governance (J-B US non-Franchise Leadership) by David A. Nadler, Beverly A. Behan and Mark B. Nadler
“We’re nearing the end of an era. The age of the imperial CEO and the ornamental board of directors is waning, but what comes next isn’t clear. Every board of directors is approaching a fork in the road, forging new working relationships at the top of the corporation. The path each company takes will have huge implications for its shareholders, employees, and corporate leaders.
Building Better Boards is a practical and provocative blueprint for helping CEOs and boards create real value by striking the right balance between wp-contention and collaboration. It’s an approach to corporate governance that goes far beyond minimum compliance with legal requirements; this is about enabling the board, for the first time, to perform as a team in a way that significantly improves the quality of management’s decisions without interfering with management’s prerogatives.
In an engaging style, Building Better Boards provides a unique glimpse at the complex interplay of egos, interests, and interpersonal dynamics that dictates how boards and CEOs operate. Based on Mercer Delta Consulting’s unparalleled experience in working with top corporate leaders, supplemented by rigorous research conducted with the University of Southern California’s Marshall School of Business and with the National Association of Corporate Directors, the book is a unique and invaluable resource for all those involved with and concerned about the future of corporate governance.”
Leveraging Good Will: Strengthening Nonprofits by Engaging Businesses by Alice Korngold
Leveraging Good Will shows how nonprofit organizations can access the extraordinary resources of businesses, and how for-profits can benefit from partnering with nonprofits. Written by Alice Korngold – an expert in matching business professionals with nonprofit organizations – this important resource clearly demonstrates how nonprofits can gain valuable experience, expertise, relationships, and funding that will elevate and advance their organizations while businesses can build stronger relationships with the community and develop the next generation of leaders. Filled with illustrative examples and real-life success stories, Leveraging Good Will is an insider’s guide to what it takes for nonprofits to transform their organizations through partnerships with businesses. Step by step, the book outlines how to create a solid plan based on proven-in-practice techniques.