Boardroom INSIDER for… SEPTEMBER

CORPORATE BOARDS AS AN ASSEMBLY LINE?

What do corporate board committees have to do with an industrial assembly line?  According to an article in the September issue of online business monthly Boardroom INSIDER, both allow complex, high-stakes work to be broken down into discrete chunks, boosting both quality and efficiency.

“We demand that corporate boards today do a micro/macro job of governance — both hand’s on oversight of compliance, financials and legalities; while also weighing 30 thousand-foot issues of ESG and corporate culture,” writes BI publisher and business speaker Ralph Ward.  “This is an awkward mix.”

However, Ward notes that board committees (audit, compensation, nominating/governance, risk, etc.) now handle most of the tactical heavy lifting of governance.  They monitor and approve the hand’s on details that boards must oversee now.  Then, their reports and recommendations flow on to the full board for review and approval. 

As with an assembly line, a smart committee system then “becomes a governance mass production model,” allowing focus and specialization, while then giving the full board more time for top-level discussion.  The September issue of BI offers several articles on latest best practice for better board committee functions. 

  Also in Boardroom INSIDER for September…

Board chairmanship as a real job.
First board seat? Smart career promotion tips.
Q&A: How to build your boardroom presence.

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My new Udemy Get Ready for Your First Board Meeting online course is for C-level career executives, entrepreneurs, investors, company founders, and all of you who’ve gained your first board role.. and want to be prepared when you walk through those boardroom doors.  Included are Q&A thought starters and “homework” projects to round out the course.  

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