July 2022
Intermediate to advanced
272 pages
5h 50m
English
book
The New Leader's 100-Day Action Plan, 5th Edition
by George B. Bradt, Jayme A. Check, John A. Lawler
Content preview from The New Leader's 100-Day Action Plan, 5th Edition
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CHAPTER 11Manage Your New Board
At their core, boards of directors provide oversight, approve the most material decisions, and advise, whereas management has accountability for strategy, operations, and the organization. The best do these together, complementing and supporting the other's roles and strengths. So easy to say. So hard to get right across different types of boards and organizations.1
Board Accountabilities and Responsibilities
As a general principle, a board of directors of a for‐profit company in the United States is charged with “maximizing the value of the corporation for the benefit of its shareholders.”2 Boards do this by making decisions and providing oversight in compliance with the directors’ duties of care and loyalty. Essentially, this means board members must exercise good business judgment in the best interests of the organization across governance, strategic, organizational, and operational processes without regard to personal gain as they:
- (Governance) Set broad policies and objectives and oversee rigorous processes taking into consideration compliance, finance, management, legal, and risk issues.
- (Strategic) Approve strategic plans, major expenditures and transactions, and the acquisition or disposal of material assets or the entity itself.
- (Organizational) Hire and fire the CEO. Approve top management appointments and succession, and compensation plans for the CEO and top management. Evolve and strengthen the board itself.
- (Operational) Approve ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.