By U. Lindgren
According to precise entry interviews with prime chairmen and senior executives, All Above Board examines the major features of the suitable twenty first century board, how and why badly led forums fail, and what adjustments should be made to enhance board habit and potency for most sensible perform.
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Additional resources for All Above Board: Creating The Ideal Corporate Board
Finally, the last item on the agenda starts. The CEO presents his plans for engaging in a dialogue with a couple of private The board of the future equity firms regarding the possible sale of one of the six remaining business areas, at least of one of the two separate units forming part of the business area. This is a plan that had come out of the strategy meeting that the group board had held during the meeting earlier in the spring. No decision has been made, however, the CEO has prepared a preliminary assessment of potential valuation of the business, and is asking the board to approve of the appointment of an investment bank to be in charge of the divestment process.
But the chairmen pointed at the closer interaction with the state owner, represented through the Government. Therefore, despite the criticism and questioning of state ownership we find many times in media and politics, the reality seems to indicate that the state as an owner de facto does take on an active role and interacts with the board. This has an impact on the strategy and direction of the corporation. The critic would argue that this is all fine, but the real issue is whether the quality and relevance of such interactions and briefings is adequate and good enough.
Hea dded: We also discuss the staffing and duties of the committees, particularly the compensation and audit committees. I understand that this is the way the institutions must 43 44 All Above Board operate, and it is OK with me. But we never discuss strategy. Not to mention operations. Honestly, sometimes I wonder if the board members representing the institutions even know anything substantial about the specific industry we are operating in. Or if they even care! But if we have missed the profit target by a few percentage points, then he is very active and sometimes tough to handle.