on July 26, 2002
With all of the recent turmoil in US companies caused by some high profile CEOs and boad of directors not maintaining the highest level of accountability and integrity, I pulled this book back off of the shelf for a re-read.
Ram Charan's advocacy of companies building a strong independent board, one that has more than rubber-stamp responsibilities is more timely now than when it was written. The author has worked with some of the best companies, boards and executives around...some have succeeded and others have failed. Yet, his insight is one that focuses on accountability and frequent, frank evaluations of both roles: the board director and the CEO.
I found the final chapters that focused on the Chairman/CEO evaluation to be insightful, detailed and organized to provide any director with the framework to ask the right questions.
I recommend this book now to all senior executives to read again, focusing on the evaluation process that your leader should be subject to. I recommend this book even more to those board directors that face a responsibility to shareholders and employees, that they will oversight the senior leaders and hold them accountable to building businesses with integrity...not just providing the right numbers on a scorecard.
on March 11, 1999
This book shows top executives how to use the knowledge of, and open up communication channels with, board members. It details practices of several major corporations. The author highlights all key points increasing the value of this work. Several helpful self-evaluation instruments are included. This work offers sound advice on good governance. Recommended to executives and directors.