Comments on: Getting the Most Out of Your Board of Directors http://www.dr-smith.info/getting-the-most-out-of-your-board-of-directors/ Turnaround Management, Senior Adviser, Board Member, Executive Coach, Author, Speaker, Radio & TV Guest & Panel Member Sat, 13 Mar 2010 23:02:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: julie@mclellan.com.au http://www.dr-smith.info/getting-the-most-out-of-your-board-of-directors/comment-page-1/#comment-8885 julie@mclellan.com.au Sat, 10 Oct 2009 08:02:54 +0000 http://www.dr-smith.info/?p=145#comment-8885 I was nodding until munber 10 - boards need to do far more than just oversight. A good board will add to strategy and drive enhanced performance; a good rule of thumb is to spend more than 50% of time on performance and the rest on compliance. Look at the writings of Tricker and Charam for more detailed guidance. This is a good article and I will be sharing it but I do wish more emphasis was given to teh value creation potential of the board. Regards Julie I was nodding until munber 10 – boards need to do far more than just oversight. A good board will add to strategy and drive enhanced performance; a good rule of thumb is to spend more than 50% of time on performance and the rest on compliance. Look at the writings of Tricker and Charam for more detailed guidance. This is a good article and I will be sharing it but I do wish more emphasis was given to teh value creation potential of the board.
Regards
Julie

]]> By: Jay Steinfeld http://www.dr-smith.info/getting-the-most-out-of-your-board-of-directors/comment-page-1/#comment-8879 Jay Steinfeld Thu, 08 Oct 2009 17:59:47 +0000 http://www.dr-smith.info/?p=145#comment-8879 Thorough and right-on! The best overview I've read about Board creation. Thorough and right-on! The best overview I’ve read about Board creation.

]]> By: Carlos Neves http://www.dr-smith.info/getting-the-most-out-of-your-board-of-directors/comment-page-1/#comment-3929 Carlos Neves Wed, 01 Oct 2008 11:32:08 +0000 http://www.dr-smith.info/?p=145#comment-3929 Maybe the company has already all the creativity inside, so they concluded that they needed an outside Director. Some examples are already in the replies. If an area of expertise is now considered strategic for the company and in the board is missing a director with experience or knowledge in that field, now is the right moment to bring in an outside director and don’t let that strategic field only in the hands of a supplier. One of these strategic areas could be IT, for example. Note: this was discusses at LinkedIn, and cloud be read at http://www.linkedin.com/answers/startups-small-businesses/business-plans/STR_BPL/27132-180622?browseIdx=7&sik=1222856782856&goback=%2Eahp%2Eama Maybe the company has already all the creativity inside, so they concluded that they needed an outside Director. Some examples are already in the replies. If an area of expertise is now considered strategic for the company and in the board is missing a director with experience or knowledge in that field, now is the right moment to bring in an outside director and don’t let that strategic field only in the hands of a supplier.

One of these strategic areas could be IT, for example.

Note:
this was discusses at LinkedIn, and cloud be read at http://www.linkedin.com/answers/startups-small-businesses/business-plans/STR_BPL/27132-180622?browseIdx=7&sik=1222856782856&goback=%2Eahp%2Eama

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