Corporate Boards Create Value / Edition 1by John Carver, Caroline Oliver
Pub. Date: 08/05/2002
Today's company directors face overwhelming governance challenges. "Best practices" provide directors with only piecemeal solutions. This book explains Policy Governanceâ, the only complete and conceptually coherent operating system for boards. John Carver, the creator of The Policy Governance model and boardroom consultant Caroline Oliver demonstrate that… See more details below
Today's company directors face overwhelming governance challenges. "Best practices" provide directors with only piecemeal solutions. This book explains Policy Governanceâ, the only complete and conceptually coherent operating system for boards. John Carver, the creator of The Policy Governance model and boardroom consultant Caroline Oliver demonstrate that the value a board should add is not to the company's management but to the company's owners.
Briefly and clearly explained, this simple yet profound system clarifies the board, chair, and CEO roles. Its appealing logic empowers directors and senior management alike. The authors first examine the kind of value that boards typically add, and suggest a redefinition and elevation of value that boards can create. They then set out the basics of Policy Governance design through which boards can deliver value, and they show how to apply the design to the board's process, its relationship with the CEO, and the manner in which it commands company performance. Carver and Oliver go on to demonstrate the mechanics with which Policy Governance makes accountability feasible to a previously unattainable degree. Finally the authors outline what boards can do to make sure they stay on track. A more rigorous paradigm for board leadership, the authors argue, clarifies and enriches the conversation about leadership, accountability, and policy-making. Corporate Boards That Create Value gives corporate directors and all who care about governance a powerful tool for success.
Table of Contents
Foreword (Sir Adrian Cadbury).
1. The Value of Boards.
2. Designing the Board's Job.
3. Forging Group Leadership.
4. Connecting to Management.
5. Setting Expectations for Management Performance.
6. Reporting Board and Management Performance.
7. Maintaining the Gains.
8. Getting There from Here.
B. The Case for a CGO.
C. Chair and CEO: One Person or Two?
D. Inside Directors.
E. Sample Board Policies Under Policy Governance.
F. Sample Monitoring Report Under Policy Governance.
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One common thread has connected the companies involved in the recent spate of high-profile corporate bankruptcies and scandals: The failure of boards of directors to control management. John Carver, an international consultant on corporate governance, explains the role of the board of directors and defines the proper relationship between the board and top management. To summarize: The board commands; management obeys. Since this is all too often not the case, we from getAbstract strongly recommend that everyone in business read this book for its essential advice on strengthening the authority and accountability of corporate boards of directors.