Five Corporate Tax Issues Every Board Member Should Understand
October 21, 2009 by Kate Barton
Corporate tax issues may not be the first thing on board members’ minds. But they should occupy a prominent position on any board’s agenda, especially in today’s economy.
October 21, 2009 by Kate Barton
Corporate tax issues may not be the first thing on board members’ minds. But they should occupy a prominent position on any board’s agenda, especially in today’s economy.
Bayer Announces Major Management Shuffle
September 16, 2009
Werner Wenning, 62, will step down as chief executive in September 2010 and be succeeded by Marijn Dekkers, a 51-year-old Dutchman who is currently chief executive of U.S. laboratory-equipment manufacturer Thermo Fisher Scientific.
September 16, 2009
Werner Wenning, 62, will step down as chief executive in September 2010 and be succeeded by Marijn Dekkers, a 51-year-old Dutchman who is currently chief executive of U.S. laboratory-equipment manufacturer Thermo Fisher Scientific.
Regulators Lean on Citi to Examine Management
August 13, 2009
The FDIC has led Citigroup to engage an outside consultant in reviewing its existing management.
August 13, 2009
The FDIC has led Citigroup to engage an outside consultant in reviewing its existing management.
NRG Board Rejects Takeover
July 8, 2009
NRG Energy has rejected a second, larger takeover bid from Exelon valued at $6.9 billion, saying the bid does not adequately reflect the value of the company.
July 8, 2009
NRG Energy has rejected a second, larger takeover bid from Exelon valued at $6.9 billion, saying the bid does not adequately reflect the value of the company.
CEO Outlook: Recession Easing, More Cuts
June 25, 2009 by Joseph McCafferty
A survey released by the Business Roundtable suggests that U.S. chief executives have a better view of the economy, but are gearing up for job and spending cuts regardless.
June 25, 2009 by Joseph McCafferty
A survey released by the Business Roundtable suggests that U.S. chief executives have a better view of the economy, but are gearing up for job and spending cuts regardless.
Corporate Strategy: A New Direction
June 1, 2009 by Directorship Editors
A core responsibility of the board is to engage with management in the development of an effective corporate strategy. After all, corporations are managed “under the direction” of boards, according to most state corporate laws—and therefore the board is ultimately accountable for the quality of the company’s management, including any strategic plans made and pursued by management.
June 1, 2009 by Directorship Editors
A core responsibility of the board is to engage with management in the development of an effective corporate strategy. After all, corporations are managed “under the direction” of boards, according to most state corporate laws—and therefore the board is ultimately accountable for the quality of the company’s management, including any strategic plans made and pursued by management.
Getting the House in Order: A “To Do” List for Boards of Financial Services Firms
March 10, 2009 by Joseph McCafferty
Clearly boards must be careful not to undertake the responsibilities of management. Nevertheless, given the mistakes made with respect to MBS, boards will want to subject management at financial services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they will first need to determine whether there is sufficient expertise on the board and if not they will need to acquire it.
March 10, 2009 by Joseph McCafferty
Clearly boards must be careful not to undertake the responsibilities of management. Nevertheless, given the mistakes made with respect to MBS, boards will want to subject management at financial services companies to higher scrutiny and oversight regarding their involvement with these and other exotic securities. To do so, they will first need to determine whether there is sufficient expertise on the board and if not they will need to acquire it.
Banks and Bonuses: A European Perspective
February 23, 2009 by Alan Jenkins
Bankers’ pay and their bonuses are causing heated debate on both sides of the Atlantic. The President of the USA and the British Prime Minister have both spoken on the subject. In the US a cap on both for senior executives of up to $500,000 is proposed. In the UK. the Chancellor has set up a review to “examine how banks are managed. Bank boards have a duty to ask more searching questions of their executives - when times are good as well as when they turn bad”. This appeared in a column written by the Chancellor in the Sunday Telegraph of 8 February, under the head “Era of risk is over; what we now demand of banks is responsibility”.
February 23, 2009 by Alan Jenkins
Bankers’ pay and their bonuses are causing heated debate on both sides of the Atlantic. The President of the USA and the British Prime Minister have both spoken on the subject. In the US a cap on both for senior executives of up to $500,000 is proposed. In the UK. the Chancellor has set up a review to “examine how banks are managed. Bank boards have a duty to ask more searching questions of their executives - when times are good as well as when they turn bad”. This appeared in a column written by the Chancellor in the Sunday Telegraph of 8 February, under the head “Era of risk is over; what we now demand of banks is responsibility”.
Getting Your Board’s Best on Corporate Planning
February 1, 2009 by Beverly A. Behan
If you’ve taken the time to put together a board of talented directors with relevant experience, there is no better place to harness the resources around your board table than in the area of corporate strategy.
February 1, 2009 by Beverly A. Behan
If you’ve taken the time to put together a board of talented directors with relevant experience, there is no better place to harness the resources around your board table than in the area of corporate strategy.
B of A Cuts Extend into Top Management
December 16, 2008 by Joseph McCafferty
Bank of America, which recently announced its plans to cut approximately 35,000 jobs after its planned merger with Merrill Lynch, dismissed several high ranking officers and counselors last week in an effort to reduce personnel redundancy and endure the difficult economic climate.
December 16, 2008 by Joseph McCafferty
Bank of America, which recently announced its plans to cut approximately 35,000 jobs after its planned merger with Merrill Lynch, dismissed several high ranking officers and counselors last week in an effort to reduce personnel redundancy and endure the difficult economic climate.
We Have Met the Enemy and He is Us
December 1, 2008 by Jeffrey M. Cunningham
We can’t attend an event or business gathering, a soccer match or an ice hockey game, without someone offering their bromide or sizing up a hair shirt to fit the culprit who one way or another got us into this mess. One imagines it is not quite so simple. To our readers then, I offer this list of suspects, all of whom played a role in a our current economic turbulence.
December 1, 2008 by Jeffrey M. Cunningham
We can’t attend an event or business gathering, a soccer match or an ice hockey game, without someone offering their bromide or sizing up a hair shirt to fit the culprit who one way or another got us into this mess. One imagines it is not quite so simple. To our readers then, I offer this list of suspects, all of whom played a role in a our current economic turbulence.
EXPERT VIEW: Boards in a Crisis Economy
November 4, 2008 by Joseph McCafferty
Never in the past seven decades has there been such urgency for management and boards to work together to achieve real transparency and accountability. With the world economy in crisis, boards are being scrutinized and some excoriated like never before. How to cope?
November 4, 2008 by Joseph McCafferty
Never in the past seven decades has there been such urgency for management and boards to work together to achieve real transparency and accountability. With the world economy in crisis, boards are being scrutinized and some excoriated like never before. How to cope?
Get Smart About Intellectual Property
October 1, 2008 by John Cronin
Given that intangibles represent, on average, almost 70 percent of a company’s assets and much of this is comprised of the intellectual property (IP) of a company, it stands to reason that the board must be intimately involved in understanding the size, health, and growth of this often-misunderstood asset class.
October 1, 2008 by John Cronin
Given that intangibles represent, on average, almost 70 percent of a company’s assets and much of this is comprised of the intellectual property (IP) of a company, it stands to reason that the board must be intimately involved in understanding the size, health, and growth of this often-misunderstood asset class.
Prepare for the Unforeseen
September 22, 2008 by Joseph McCafferty
What should boards do to prepare and perhaps avert the next crisis? Directors and corporate governance experts sift through the collapse of so many once prestigious Wall Street firms to find answers.
September 22, 2008 by Joseph McCafferty
What should boards do to prepare and perhaps avert the next crisis? Directors and corporate governance experts sift through the collapse of so many once prestigious Wall Street firms to find answers.
Siemens Chief Pledges Diversity
June 25, 2008 by Joseph McCafferty
It's not often that the chief of a global company speaks so candidly about the makeup of management. Siemens chief executive Peter Loscher says a priority in his second year will be to better diversify the conglomerate's management or risk its ability to remain competitive.
June 25, 2008 by Joseph McCafferty
It's not often that the chief of a global company speaks so candidly about the makeup of management. Siemens chief executive Peter Loscher says a priority in his second year will be to better diversify the conglomerate's management or risk its ability to remain competitive.
The Board’s Role in Bankruptcy
May 12, 2008 by Joseph McCafferty
Rebuilding a board after emerging from bankruptcy often falls to creditors but some executives believe a better approach is a collaboration between management, incumbent directors, and creditors.
May 12, 2008 by Joseph McCafferty
Rebuilding a board after emerging from bankruptcy often falls to creditors but some executives believe a better approach is a collaboration between management, incumbent directors, and creditors.
Book Excerpt: How Leaders Lead Leaders
May 1, 2008 by Joseph McCafferty
With the lip service being paid to corporate succession planning, Ed Lawler's newly published book titled "Talent: Making People Your Competitive Advantage" provides an in-depth look at how organizations can become more people-centric.
May 1, 2008 by Joseph McCafferty
With the lip service being paid to corporate succession planning, Ed Lawler's newly published book titled "Talent: Making People Your Competitive Advantage" provides an in-depth look at how organizations can become more people-centric.
COOs Don’t Just Fade Away…
November 5, 2007 by Joseph McCafferty
The position of the COO in leading corporations isn’t being eliminated, it’s being transformed, a new report by The Conference Board finds.
November 5, 2007 by Joseph McCafferty
The position of the COO in leading corporations isn’t being eliminated, it’s being transformed, a new report by The Conference Board finds.
Drucker in the Boardroom
October 1, 2007 by Elizabeth Haas Edersheim
Although generally known throughout his storied professional life for his work with chief executives, Peter Drucker advised hundreds of boards of diverse organizations around the world, constantly reminding them of the need to stay true to their role as a constructive “adversary of top management.”
October 1, 2007 by Elizabeth Haas Edersheim
Although generally known throughout his storied professional life for his work with chief executives, Peter Drucker advised hundreds of boards of diverse organizations around the world, constantly reminding them of the need to stay true to their role as a constructive “adversary of top management.”