Boardroom INSIDER for… NOVEMBER
“WARNING LIGHTS” NEED TO FLASH IN BOARDROOMS
For corporate board members, monitoring the company means sorting through endless pages in a fat board book, or clicking through links in an online board portal to uncover signs of trouble. Yet in the November issue of online governance monthly Boardroom INSIDER, publisher and board trainer Ralph Ward notes that when these directors start their cars, dash lights alert them instantly to any trouble. “If we can do this for a $50,000 automobile, why can’t we do it for board controls?”
Ward writes that the current model of board oversight guarantees that complex, obscure signs of financial or legal danger will be buried in pages of the standard board info package. Yet modern ERP (enterprise resource planning) and board portal software platforms “allow us to craft excellent dashboard green/amber/red indicators for a quick take on vital numbers.” Ward calls for companies to recast their board controls in a “dashboard trouble light first” approach. Not only would directors receive immediate, objective warnings on trouble, but “the danger light won’t go out until the problem is addressed.”
Articles in the NOVEMBER issue include:
- Avoid these breakdowns in the multilingual, multicultural boardroom.
- How smart CEOs report to their boards.
- Q&A: How do we tame our “imperial” board chair?
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.