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The Value Adding Board - its Focus and Work, by Torben Ballegaard
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"The Value Adding Board" sheds light on how to strengthen the interaction in the Board and between the Board and Management to create more value. Based on practical executive and board experience, the author reflects on this interactivity and combines concepts with case stories and provoking quotes in search of answers to the questions many Boards of Directors wrestle with such as these:How do we perform as a team to guide, inspire, and energize management?How do we build trustful, creative cooperation while exercising rigorous control?How do we contribute better to the development and execution of strategy?How do we monitor operations in a simple action driven way?How do we detect signs of decline in mindset and culture?How do we get more effective with our household tasks?How do we define and evaluate board member qualities?How does the individual member decide on his/her mix of board assignments?The formal governance guidelines do not provide answers to these questions. Neither do the numerous management books; they are predominantly based on the classic American model of a unitary Chairman & CEO and a relatively passive board. There is a need for inspiration to harvest the power of engaged interactivity.The book is written for current and future board members who are open minded and eager to develop their teams and themselves, and who do not already know everything worth knowing.
- Sales Rank: #1846726 in eBooks
- Published on: 2012-12-13
- Released on: 2012-12-13
- Format: Kindle eBook
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Engaged interactivity is the way forward
By Michael A. Andersen
The Value Adding Board is a thought provoking book bound to reenergize the debate on what constitutes the best corporate governance model.
Following the Enron scandal and more recently the financial crisis, lawmakers in the West have been issuing ever more detailed rules for the control task of the board to underpin its statutory responsibilities. Whereas this role is important, the risk now is that boards will become overly focused on regulatory compliance and not performing their broader and more leadership oriented responsibilities adequately.
In a business world obsessed with backward looking presentations, where form is allowed to overrule content, and where there is a lack of strategic dialogue, this book comes as a lifesaver.
It is a must-read for anyone interested in how the internal processes of a board and its cooperation with management can be enhanced to generate more value for all stakeholders. As it celebrates the power of "engaged interactivity," it is the perfect New Years gift for current and future board members.
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