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Title: Corporate Boards: New Strategies for Adding Value at the Top by Jay A. Conger, Edward E. Lawler, David Finegold, III, Edward E. Lawler ISBN: 0-7879-5620-1 Publisher: Jossey-Bass Pub. Date: 15 April, 2001 Format: Hardcover Volumes: 1 List Price(USD): $34.95 |
Average Customer Rating: 4.8 (5 reviews)
Rating: 5
Summary: A must read for board directors
Comment: This is a must read for every board director. Newly-electeds will find a treasure trove of important material; experienced directors will find data to either support or challenge their beliefs on corporate governance.
Bruce R. Ellig
Corporate Vice President HR (retired)
Pfizer, Inc.
Rating: 5
Summary: Best Source for Corporate Board Effectiveness
Comment: In my role advising mid- and senior-level management of Fortune 100 companies, I found this book by Conger, Lawler and Finegold to be of immediate value.
"Corporate Boards: New Strategies for Adding Value at the Top" is positioned towards people who are perhaps on boards or who are executives dealing with boards. The authors are extremely credible, having dealt with and advised senior leadership from nearly every Fortune 100 company.
This book really brings together in one source all you need to know about building a more effective board - it is filled with real and practical guidelines and actionable how-tos. At the same time, it challenges the current governance approaches, arguing that despite all the "best practices" available, we still have a relatively simplistic understanding of how to build a great board. This book gives the reader more sophisticated insights into what it takes to have an effective board.
The authors also raise a number of issues that are critical given today's environment. For example, are boards solely responsible to shareholders or are there other, equally critical groups to which boards need to be accountable? Finally, the authors discuss the implications of the Internet for the boardroom.
In short, I strongly recommend this book, particularly for those who deal with senior leadership, corporate boards and governance issues.
Rating: 4
Summary: I really wish I had read this first.
Comment: We picked up this book after our first board actually became a liability! It was only after the failure of original the board (which failed for exactly the reasons the book outlined as primary reasons boards fail!) that this book was recommended to us. The five founders all read it and discussed it.
Since we were in the midst of a reorg, it was exceedingly helpful in reshaping the new board into a more effective and cohesive part of the company. We did a much better job of first creating the criteria to evaluate candidates and a lot of the politics went out of the process.
I don't agree with all of the authors assertions about what a strong board can do for a company. I still think much of that is up to the people doing the actual work. However, since a board is a critical element of any modern company, read this first and do it right the first time.
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