Does your board need surgery?

Article Abstract:

There are a number of reasons why there is more pressure on United Kingdom boards of directors to improve their performance. These include the collapse of Barings Bank and concerns that directors did not always consider stockholders' interests. Small stockholders have set up pressure groups and the internet allows them to do this more easily. Directors accept that corporate governance is a key issue. Directors tend not to be trained for their role and some companies have tackled this issue by introducing training programs. Directors need to face the need for change and to become more accountable.

Management Functions, Management, Corporations

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Is your board up to its job?

Article Abstract:

An effective board of directors is the key to a healthy and successful company. The board can help balance the internal and external pressures on the business. It should also give direction to the business and make sure that enough people are committed to this direction. However, few directors have any training for their role as a director: instead, they rely on their management skills and their general 'experience'. The board's main tasks include supervising management; formulating policy; accountability; and strategic thinking. The unitary board model is the best one for the UK.

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Just what is a non-executive for?

Article Abstract:

There is growing recognition within the UK of the important role the non-executive director has to play in corporate governance, but often companies fail to make effective use of their non-executives. The main task of any director is to add value to the business and create shareholder value. However, some firms use non-executives merely to show compliance with the Cadbury Code on corporate governance. This turns the non-executive role into a negative monitoring role, and it could lead to tensions between the non-executives and the executive directors.

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