Boards that dare : how to future-proof today's corporate boards / Marc Stigter and Sir Cary Cooper.

Format:

Book

Author/Creator:

Stigter, Marc, author.

Cooper, Cary L., author.

Language:

English

Subjects (All):

Boards of directors.

Physical Description:

1 online resource (201 pages)

Place of Publication:

London : Bloomsbury Business, [2018]

Summary:

Boards That Dare offers actionable solutions to help board directors, chairs and CEOs move away from outmoded thinking and practices. THE CHALLENGE Corporate boards as fiduciaries are responsible for delivering maximum value and the highest standards of care. The persistent misconception that boards should be driven primarily by shareholder value will soon be an outdated one, and boards that continue to apply narrow interpretations of value and care are unlikely to survive. THE OPPORTUNITY This book reveals a future-proofing opportunity for courageous boards to redefine value and care for employees, consumers, communities, society, the environment, and shareholders. There is no point in trying to reframe value and care for a wider range of audiences if boards don't have the right capabilities and attitudes themselves. THE SOLUTION Boards that Dare invites boards to challenge shortcomings in their own ability, understanding and courage. The book shows how boards embracing this new kind of broadened fiduciary dynamism will become future-proof and realize sustained shareholder value as an output. THE RESEARCH Based on the authors' first-hand experiences, as well as their own research and interviews with board members and chairs of international private, public and not-for-profit organizations, this highly practical and cutting-edge book delivers the necessary solutions on how to future-proof today's boards.

Contents:

Cover page

Halftitle page

Title page

Copyright page

Dedication page

CONTENTS

ACKNOWLEDGEMENTS

ABOUT THE AUTHORS

1 The case for future-proofing

Even faster-moving but still holding on

Daring to take a hard look

Governance dysfunction in 'being'

Impacts of 'overlooking' or 'encouraging'

The rise of tax shaming

The challenge: beyond shareholder activism

Preparing for bigger and bolder shareholder activists

Why an insurrection of shareholder activists?

Preparing for bigger and bolder consumer activists

From activism to populism

Preparing for 'anti-corporate populism'

The opportunity: reframing value and care

Boards will really need to care

Corporate Social Responsibility is dead

Questions around Shared Value in practice

Audacious daring or whitewashing?

Reputations at risk

The future-proofing opportunity

2 Boards that CAN

A different road ahead

The powerless past

The passive present

The unleashing future

A new governance practice

A deeper and broader role in strategy

From unlocking to creating to scrutinizing

A different composition needed

An enhanced set of attributes

3 Boards that KNOW

'Sorry, we didn't know'

Going back to the future

Take control of information needs!

Chock them full of 'facts'

The knowledge imbalance

Misinforming the board

'A bit scary going down that path'

Are two heads better than one?

Nice boards don't Know

Behavioural blockages

No time to Know

What do boards want to Know?

'Bring us the off-the-wall stuff'

'Here's the latest and greatest'

Can boards Know?

Getting the basics right

Knowing as a team

Knowing starts with Self

Can + Know = intellectual capability

The governance-innovation mismatch

Directors as entrepreneurs.

Boards emulating entrepreneurial sensing

Not Prozac intuition

4 Boards that WANT

Directors must be insane!

Let's not rock the boat

A dirty 'secret'

WANTED: Boards that Want

Directors asleep at the switch

Insight inertia paralysing boards

Action inertia paralysing boards

The elephant in the boardroom

How directors withdraw energies

Broken promises

I didn't sign up for this!

Is it about money?

Is it about time?

Impact of Want on Can and Know

A board with comfortable energy:a 'delusional board'

A board with corrosive energy: a 'toxic board'

A board trapped in resigned inertia: 'death warmed up'

A board with productive energy: 'the size of the prize'

Why directors should Want

Boards that Can, Know and Want . . . is still NOT enough

5 Boards that ARE

Getting away with it

The buck must stop with the board

Is it just the cost of doing business?

Are boards getting away with it?

Why unethical behaviours can creepinto boards

What derails the moral compass of boards?

How to improve the moral compass of boards

Boards that Are . . . act with conscience

Boards that Are . . . encourage dumb questions

Beyond demographic markers of diversity

Boards that Are . . . attract and retain the best directors

6 Boards that DARE

The courageous act

In search of courage

In search of independence

In search of the activist board

Cowardice in the boardroom

The price of cowardice

What makes a courageous director?

Courage as a habit

Daring to act with conscience

It starts at the top

7 Reframing value and care

The next evolutionary step for boards

Mastering full consciousness

REFERENCES

GLOSSARY

INDEX.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9781472938046

1472938046

OCLC:

1030039257