Do You Play it S.M.A.R.T.?

Originally Published in Biz Mag March 2016. Good governance is critical for the success of an organization. Past events have created some classic examples of weak governance — Nortel, Enron, Bear Stearns, Volkswagen — no board wants to be the next example. I facilitate a course entitled Do You Practice S.M.A.R.T. Governance? The acronym helps […]

Board Succession Planning

Originally Published in Biz Mag December 2016. There is generally focus at the Board level on succession planning for the CEO and other key management positions which is an important role of the Board but it is equally important that the Board give attention to its own succession planning. Objectives of Board succession are: Board composition […]

Integrity or Not

Originally Published in The Bay Observer, September 2016 The questionable conduct of leaders does not go unnoticed. It can be embarrassing for the person, for the organization, and disappointing for those who want to look up to these leaders. The CEO of one of the world’s most famous advertising agencies, Saatchi & Saatchi finds himself […]

It Takes a Team

Originally Published in Biz Magazine, June 2016 Boards of Directors have a job to do. This means that every Board needs to consider what makes for a competent Board. Just as a baseball team comprised of nine pitchers won’t win many games,, A Board comprised of individuals from the same discipline or industry will not be […]

Governance of Strategy

Originally Published in Biz Magazine, March 2016 One of the Boards of Directors’ five major responsibilities is active participation in strategic and business planning. Note the key words “active participation.” There are questions why the Boards of corporations such as Blockbuster, Radio Shack, and Blackberry failed to see the need for a change in strategy […]

Risk Governance, Governance Risk

Originally Published in Biz Magazine, September 2015 A key area of responsibility for all Boards of Directors is risk governance. Risk governance focuses on recognizing the risks inherent to the business of the organization and instilling processes to provide for protection of people, assets, and reputation. Governance risk recognizes that the ability or ineffectiveness of […]

Risk Appetite and Risk Tolerance

No doubt you’ve heard the terms Risk Appetite and Risk Tolerance in discussions about Enterprise Risk Management (ERM) implementation. But do you know the subtle difference between the two? I’ve heard Boards of Directors say ‘risk tolerance’ when they really mean ‘risk appetite’. Let’s clear up some of the confusion. Risk appetite is a statement […]