The document discusses how well-run boards make decisions. It provides examples of several large companies that broke major strategic decisions into smaller pieces for the board to consider sequentially. This allowed the boards to give more detailed attention and oversight at critical decision points. The document advocates for ongoing sharing of information with the board and having directors review management proposals in a helpful manner before approving or denying them. Overall it promotes the idea that effective board decision making is key to good corporate governance.
Charlton Bate’s great-grandfather formed the Haverwood Furniture Industry in the early 1900’s. The Company are a medium to high-priced and high-quality producer and sell over 1000 high-quality products in stores nationwide. They are very discerning in selecting merchandising outlets to reflect their products, so they are more of a niche corporation, and do not trade with the usual chain stores or markdown outlets rather they are sellers to High-quality specialty stores and
self-governing furniture department stores (Oliveira, 2009). Their quality furnitures include dressers, tables, bedroom and living room suites, with bedroom and dining room furniture being the majority of sales.
دورة ثق بنفسك وابدأ الحياة شهيد الامين_الجزء الاول-الثقة بالنفس-صور-2014
WWW.DRALAMIN.COM
مدونتي الخاصة بعلوم الطاقية الحيوية
http://rekiy.blogspot.com/
صفحتي على الفيس بوك -المتخصص بالعلوم الادارية والتسويقية
https://www.facebook.com/drshahidalamin?ref=hl
صفحتي على الفيس بوك الخاصة بالتطوير الذاتي
https://www.facebook.com/steps.to.goals?fref=ts
Charlton Bate’s great-grandfather formed the Haverwood Furniture Industry in the early 1900’s. The Company are a medium to high-priced and high-quality producer and sell over 1000 high-quality products in stores nationwide. They are very discerning in selecting merchandising outlets to reflect their products, so they are more of a niche corporation, and do not trade with the usual chain stores or markdown outlets rather they are sellers to High-quality specialty stores and
self-governing furniture department stores (Oliveira, 2009). Their quality furnitures include dressers, tables, bedroom and living room suites, with bedroom and dining room furniture being the majority of sales.
دورة ثق بنفسك وابدأ الحياة شهيد الامين_الجزء الاول-الثقة بالنفس-صور-2014
WWW.DRALAMIN.COM
مدونتي الخاصة بعلوم الطاقية الحيوية
http://rekiy.blogspot.com/
صفحتي على الفيس بوك -المتخصص بالعلوم الادارية والتسويقية
https://www.facebook.com/drshahidalamin?ref=hl
صفحتي على الفيس بوك الخاصة بالتطوير الذاتي
https://www.facebook.com/steps.to.goals?fref=ts
Nos blessures sont bien présentes en nous. Tantôt elles se cachent et tantôt elles se manifestent à notre insu. Surmonter nos blessures permet d’avoir une autonomie affective qui amène à mieux cerner ce que nous voulons vraiment, et à agir en conséquence.
إن كل شيء يحدث أولا في التفكير. وقوة التفكير لها تأثير على أحاسيسك وسلوكك ونتائجك وبالتالي لها على واقع حياتك.
هذا الكتاب يعلمك كيف تتحكم في قوة تفكيرك وكيف تحول الأفكار السلبية إلى أيجابية وكيف تصل إلى السلام الداخلي والهدوء النفسي.
مقياس هيرمان لتحديد أنماط التفكير والعلاقات الأسرية والتربية والتعليم والزواج، وفرق العمل والموارد البشرية، والنجاح، والتفوق ، والتميز.
تستخدمه أهم الشركات على مستوى العالم، وهومقياس بسيط وسهل وغير معقد.
(ادارة فريق العمل و مهارات القائد المحاضرة الثالثة يوترن (بيجاد خطابbegad khattab
هومجموعة من الأفراد يتم تشكيلها لتحقيق هدف معين من خلال مجهود مشترك، يبذل الأفراد فيها تعاوناً متبادلاً
المفهوم الحديث للقيادة
القيادة هي عملية إلهام الأفراد ليقدموا أفضل ما لديهم لتحقيق النتائج المرجوة.
First Discussion Guide for the course Introduction to Logic, which I teach at an international business school. All contents were quoted directly from Critical Thinking by Moore and Parker
Nos blessures sont bien présentes en nous. Tantôt elles se cachent et tantôt elles se manifestent à notre insu. Surmonter nos blessures permet d’avoir une autonomie affective qui amène à mieux cerner ce que nous voulons vraiment, et à agir en conséquence.
إن كل شيء يحدث أولا في التفكير. وقوة التفكير لها تأثير على أحاسيسك وسلوكك ونتائجك وبالتالي لها على واقع حياتك.
هذا الكتاب يعلمك كيف تتحكم في قوة تفكيرك وكيف تحول الأفكار السلبية إلى أيجابية وكيف تصل إلى السلام الداخلي والهدوء النفسي.
مقياس هيرمان لتحديد أنماط التفكير والعلاقات الأسرية والتربية والتعليم والزواج، وفرق العمل والموارد البشرية، والنجاح، والتفوق ، والتميز.
تستخدمه أهم الشركات على مستوى العالم، وهومقياس بسيط وسهل وغير معقد.
(ادارة فريق العمل و مهارات القائد المحاضرة الثالثة يوترن (بيجاد خطابbegad khattab
هومجموعة من الأفراد يتم تشكيلها لتحقيق هدف معين من خلال مجهود مشترك، يبذل الأفراد فيها تعاوناً متبادلاً
المفهوم الحديث للقيادة
القيادة هي عملية إلهام الأفراد ليقدموا أفضل ما لديهم لتحقيق النتائج المرجوة.
First Discussion Guide for the course Introduction to Logic, which I teach at an international business school. All contents were quoted directly from Critical Thinking by Moore and Parker
• Learn from one of the world’s experts the latest trends that board directors need to know.
• Know your liabilities as a board director and review your approach to risk.
Discover how to make your Board of Directors a dynamic, supportive group of volunteers. This webinar cover the basics of the book The ABCs of Building Better Boards. It will motivate and inspire volunteers and staff to raise the bar for performance for the Board of Directors.
In the year 2002, Warren Buffett made an admission that he had not been as vigilant as he should have been in his role as Director of the various subsidiaries of his holding company, Berkshire Hathaway. In a letter to the shareholders he wrote “ Too often I was silent when management made proposals that I judged to be counter to the interest of the shareholders. In those cases, collegiality trumped independence and a certain social atmosphere presides in boardrooms where it becomes impolitic to challenge the Chief Executive.
Kevin Sharer, Chairman of Amgen, the US biotech company, portrayed a very different relationship between board and chief executive. “ Working with the board is vital, complex, and beyond your prior experience. It is among the most complex human relationships, especially if you are the chairman, when you are their boss, and they are your boss. Get the relationship right or it will hurt you.
These two very different experiences open a new book, Boards that Lead- When to take charge, When to Partner and When to stay out of the way. The central premise of the books is a plea. “ Governing boards should take more active leadership of the enterprises, not just monitor its management?
The growing complexity of markets and strategy, the authors say, is one of the biggest challenges for board members. It also means that they cannot afford to sit back and rubber stamp executive’s plans.
Boards often fail to do their job, they point out, for example failing to do their due diligence. They cite the example of Yahoo’s Chief Executive Scott Thompson. After a few months in the post, it was discovered that he had listed a degree in both accounting and computer science, but had actually earned only the first.
A good book to read move from Delivering to Leading.
Happy Reading
Angie Salmon leads the Corporate Directors Search practice at EFL Associates. She facilitated a panel discussion at a recent National Association of Corporate Directors (NACD) meeting covering corporate board succession planning, director recruitment, composition and diversity, board leadership structures and board assessments.
Introduction to Corporate Governance by Derek Hendrikz covers definitions, objectives, core functions, primary drivers, stakeholders, stakeholder interests, controls, Anglo American Shareholder Model, Multi Stakeholder Model, strategic responsibility, Board of Directors, EXCO, Management, responsibility of the Board, Boards that have failed, principles of good governance, discipline, transparency, accountability, independence, responsibility, fairness, social responsibility,
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formalities for setting up a small business enterprise - series of health economics and entrepreneurship for pharmacy students part 11 Pharm Paul Malaba
Technology Initial Public Offerings - Legal and Practical Considerations for ...Now Dentons
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We've translated our IPO guide into Slideshare, to make it easier to review the slides and incorporate them into your own decks. This deck covers:
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Incorporation Stage Issues and Seed Financings Overview w/ Kristine Di BaccoStanford Venture Studio
Which legal entity is best for your startup company? How should you deal with founder stock and other incorporation issues? How should you structure a seed investment? Kristine Di Bacco, Partner at Fenwick & West, will help you answer these important questions, and others, as you think about the process of incorporating and raising seed financing.
Case study the boeing commercial airline groupTAYYABA MAHR
These slides about the Case study the Boeing Commercial Airline Group. They have significant innovations: Technology and its Influenced interactions among people and disciplines
The Board Work Ahead: Evaluating Your Board for 2023OnBoard
Developing an annual plan for the upcoming calendar takes a careful balance of analyzing past performance, maintaining present-day priorities, and understanding what challenges may be approaching in the next 12 months. As your board and organization contemplate successes in 2022 and identify opportunities for improvement in 2023, a practical framework can accelerate the evaluation and planning process.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
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Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
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This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
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2. All about the Article
• The structural changes which are happening in the governing body of
the small as well as large corporations.
• The regulations and rules which are incorporated in the corporate
governance and the directors have to comply with them.
• Importance of delegation of authority and bifurcation of decision making
process.
• Followed by the three cases and Conclusion at the end.
3. Drawing the Right Decision-Making Lines
Annual Calendars- Now days, the
organizations have started making
schedules for the major topics the Board
must consider.
Committee Charters- Development of
charters in order to define the decision for
which the board committees are
responsible.
Decision Protocols- There are different
protocols of taking decisions which varies
from company to company. These basically
identifies the criteria to determine the
decisions which are to be taken by the
directors and which are to be shifted to the
Middle level of management.
4. • Description of the decisions which are to be submit for board
considerations at the time of contingencies like-
o Regulatory issues
o Competitor moves
o Technical glitches
This part highly also varies from company to company.
Creating Corporate Governance
5. Companies work according to these guidelines that what are the decisions
which are coming under the span of directors and how those decisions should
be made.
6.
7. • Mary Cantrell, CEO of Universal Investments faced problem regarding
investing in diamond mining companies.
• She asked board of directors to give recommendations.
• John Shore, Universal’s diamond fund manager itself was worried about
the astonishing growth.
• After several months of study and intense discussion with the directors,
the board decided to continue investing in diamond, but to expand to
other precious stones, metals or even coal.
• The board took different decision with what was produced in-front of
them. They also took customers in consideration.
Digging for Diamonds at Universal Investments
8. • Decisions entailing even relatively modest resources should be taken to
the board if they are of strategic significance, because they touch on the
firm’s core values
• Even when directors have the opportunity and resources to carefully vet
the underlying issues, the board can bring invaluable insight and
analysis to bear that is not otherwise available, resulting in a better
company decision than management would have made on its own.
Key Principles Learnt
9. • Boeing was designing a new aircraft.
• Thousands of decisions to be taken ranging from big ones to small ones,
financial to strategic
• Together, they could mean the difference between the airplane’s success
and failure
• Reaching the final design could cost billions of dollars.
• In order to ensure board scrutiny, management broke the overall design
decision into smaller pieces and had the board weigh in at three critical
go or no-go points in the development of the plane.
Designing Boeing’s 787 Aircraft
10. • Key points to decide upon-
i. This task required that the board accurately appraise the future of airline travel.
ii. Airbus A380 was on the premise that a superjumbo, with 555 seats in a three-class
configuration (and 853 if all in coach), would be more appealing than ordinary
jetliners to the carriers in crowded hub-and-spoke airports.
iii. Boeing was banking on a different view of the future. The company believed that
the traditional hub-and-spoke system was breaking down, as passengers
increasingly demanded direct service between two points.
iv. The 787 promised just that: Long-haul, point-to-point service for 20% less cost
because of its new weight-saving technologies and its more modest capacity of 200
to 300 seats.
• Points raised by the Board
i. Was the hub-and-spoke scheme really destined to disappear?
ii. Was the point-to-point scenario economically feasible for airlines?
1. To review and approve a multibillion-dollar budget
and a timeline for the aircraft’s development
11. • Key points to decide upon-
i. To authorize such sales calls, the board had to be confident that Boeing
could manufacture the 787 with the promised performance at the
promised price by the promised date.
ii. The new airliner was to be built with a higher percentage of lightweight,
high-strength composite materials that would allow for lower costs and
increased creature comforts, like higher humidity (the composite would
not corrode with greater moisture).
iii. But the board was not entirely certain that the company could
successfully mould the composites into the larger and more complex
sections envisioned for the 787.
• Points raised by the Board
Directors required executives to present compelling evidence that the 787 could
indeed be built with composites and priced competitively against what Airbus
was expected to offer.
2. Whether the time was right to allow sales managers
to discuss the aircraft’s specifications with the airlines.
12. • Key points to decide upon-
i. It require Boeing to commit additional billions of dollars to the project.
ii. To be convinced that customers would in fact like what they saw.
iii. Then the sales team would be unleashed to secure the written orders upon
which the big bet rested; once signed, those orders called for stiff
penalties, if Boeing failed to deliver as promised.
• Points raised by the Board
The directors pressed management for a detailed production plan and proof
that anticipated engine suppliers General Electric and Rolls-Royce could create
the required thrust at an acceptable price.
3. To give the final go-ahead for production of
the aircraft
13. • The directors insisted on monitoring both manufacturing progress and order
flow.
• Engineers coded their key production stages red, yellow, or green, and
directors pressed them to explain why anything other than green remained.
Steps taken after launch
14. • Management should divide large strategic decisions into smaller pieces
that the board can address sequentially, so the board can give each piece
detailed attention before approaching the next milestone.
• Directors must remain vigilant after making their decisions, following up
with management to ensure that they are effectively implemented and
that the many secondary decisions stemming from the primary decisions
are dealt with as well.
Key Principles learnt
15. • In June 2002, Edward D. Breen replaced Dennis Kozlowski, after he was
imprisoned for fraud and sales tax evasion.
• Kozlowski acquired around 900 companies. He was focused on
acquiring rather than consolidating.
• Breen wanted to disinvest from weak assets and John A. Krol, the new
lead director agree to the point.
• Around 130 units were recognized as weak assets by Martina Hund-
Mejean, Tyco’s new treasurer.
• The board of directors asked for financial and strategic pros & cons of
disposing of each unit.
Shedding Assets at Tyco International
16. • The list shrinked down to 48 units & shedding process was then started.
• Martina kept the directors informed about the divestment with it’s pros
and cons.
• Now the board members also agreed to the team.
• Directors played a strategic role, reviewing each of the proposal instead
of just rubber stamping.
Shedding Assets at Tyco International
17. • Ongoing/Current information should be shared with the board of
directors.
• Directors should helpfully review management proposals before saying .
yes or no
Key Principles learnt
18. • Improved decision making can be generative as well as protective.
• Good decisions about strategy and products can move a business to the
next performance level.
• Directors should be casted as investor-elected monitors of management,
installed to ensure that executives make good decisions or are swiftly
replaced.
• A customized set of guidelines should be created that will promote
effective board decision making—the essence of good governance.
Conclusion