Boardroom Insider

Boardroom Insider

Tools and Tips for Better Boards and Better Directors

Boardroom INSIDER for… JUNE

“DAMNED IF YOU DO…” CHOICES FACING BOARDS

Your company data systems are suddenly locked, and an anonymous message say they will stay frozen until thousands in cryptocurrency go into some hacker’s account.  If you are a board member of the company, what is your best option?  There isn’t one, says the June issue of online monthly Boardroom INSIDER – only least bad options.

“Corporate boards offer directors many ‘damned if you do, damned if you don’t’ choices,” writes BI publisher and board counselor Ralph Ward.  While most board business is boilerplate approvals and discussion, whenever a harsh, existential call hits for the company, “that always ends up in the boardroom, whether directors want it or not.”

Aside from the rising trend of make-or-break ransomware crises, Ward cites other board quandaries, such as sacking an overmatched company founder, or major layoffs needed to keep the firm afloat.  “Board members are always advised to make the best, most ethical fiduciary decision,” Ward writes, “but that still leaves them no less liable –and no less damned.”

Articles in the JUNE issue include:

  • A seven-step board plan for ransomware attacks.
  • Startups: Shaping your new board (and startup board meetings that don’t suck).
  • BI video series – Making your virtual board meetings succeed.
  • Q&A: How does our board avoid disappointment when hiring outside advisors?

CONTACT: Tel 1+989-833-7615 or via email


Ralph Ward’s latest book, Board Seeker: Your Guidebook and Career Map into the Corporate Boardroom (Business Expert Press) gathers 20 years’ experience in board counseling and research to give “board wannabes” the steps and insights needed to craft a successful board search campaign.
NOW ON AUDIOBOOK.
— Here’s why you have more “board experience” than you think (and why your current resume hides it).
— How women can jump the career obstacles they face into the boardroom.
— Finding your board search mentors and networks.
— How board searches really work (and how to turn flaws in the process to your advantage).
— Gaining the attention of board contacts and search firms.
— Prepping for a board interview… and for your first board meeting.

NEW FROM RALPH WARD!