Does Your Business Need an Advisory Board?

“I was not sure where I was going … But you saw further and clearer than I, … to a place I had never dreamed of …” -Thomas Merton The sad reality is that most businesses fail. The quoted failure rates vary, but they are all dismal. The U.S. Bureau of Labor Statistics says, “About … Read more

Boards and Trust

by Bob Vanourek Higher trust in organizations leads to higher retention, cooperation, innovation, and pride. Higher trust enhances the speed at which organizations work because the fear created in low trust organizations is minimized. Higher trust leads to better results for all stakeholders from customers to employees and shareholders. Therefore, higher trust needs to be … Read more

New to the Boardroom? How to Succeed

Boardroom

image credit: Bigstock By Bob Vanourek   Congratulations. You’ve just been invited to join your first public company board. Great. Now, what can you expect? It’s not just approving the CEO’s strategy or officer compensation recommendations after asking a few questions. It’s more than risk assessments, financial statement reviews, and meeting with the outside auditors periodically. … Read more

The Power of a Team Charter

Leadership speakers and writers, Bob and Gregg Vanourek, use this picture of a rolled up parchment to show the importance of charters in special action teams.

  In case you missed our article on the importance of written charters for special action teams in CoBiz Magazine this summer, we are sharing a slightly edited excerpt, along with a link to our written charter template, in this week’s blog post. Whether to attack a problem, exploit an opportunity, or achieve a philanthropic goal, setting up … Read more

Governance Guidelines for Corporate Boards

Leadership speaker and author, Bob Vanourek, uses an image of a board table to represent the importance of governance guidelines in an organization.

 Image credit: iStock “If you have leadership without governance, you risk tyranny, fraud and personal fiefdoms. If you have governance without leadership,  you risk atrophy, bureaucracy and indifference.” –Mark Goyder, Founder Director, Tomorrow’s Company With so many corporate scandals in recent decades, much focus has been placed on upgrading corporate governance practices, and rightly so. … Read more

Special Leadership Responsibilities of Boards

Leadership speaker and author, Bob Vanourek, uses the image of a compass against the sky to represent the responsibility of Boards to ensure trustworthiness.

  Boards have special leadership responsibilities to ensure their organizations are trustworthy. If their firms are not trustworthy, they will suffer at the hands of regulators, customers, employees, and shareholders. But surely boards are consumed with the important duties of corporate governance, strategy, risk management, compliance, executive compensation, and succession. Can we realistically expect boards to … Read more

Why Boards Should Pay Attention to Corporate Culture

“Culture isn’t just one aspect of the game—it is the game.” Lou Gerstner, former IBM CEO   Most boards think “culture” is the soft, fuzzy stuff that some CEO’s or HR leaders may pay attention to. These boards are sadly wrong. A high-performing, ethical culture can be a great source of competitive advantage. An organization’s … Read more

CEO Tip: Trust Your Board As Your Ally

  Some CEO’s and boards have close, trusting partnerships that serve them and their firms extremely well. They are, in my experience, the minority. Most CEO’s I have met see the board as a group they need to “manage,” a dinner and meeting they need to prepare for, taking preciously valuable time away from running … Read more

A New, Overarching Goal for Boards

One of the painful results of boards embracing the goal to “maximize shareholder value” is shown in the Edelman Trust Barometer: Only 53% of respondents trust business Only 18% of the general population trust business leaders to tell the truth The overarching goal for corporate boards should not be to maximize shareholder value. Instead, boards should … Read more

Blame Boards For Excessive CEO Pay and Perks

Leadership speaker and author Bob Vanourek uses this image of two people shaking hands in front of a board table to illustrate the importance of the board making ethical and enduring decisions when it comes to CEO bonuses and pay.

Compensation levels for CEO’s and C-suite execs took off like a rocket starting in the 1980’s. It was caused by the dual whammy of Milton Friedman’s “maximize shareholder value” maxim and the advent of the “leveraged buyout” focus from private equity firms. I should know because I participated in those phenomena as a CEO. The … Read more

Does Your Board Have Your CEO’s Back?

Leadership speakers and authors Bob Vanourek and Gregg Vanourek use this image of a smiling woman in front of other people to illustrate the importance of valuing your employees.

  One of the great scourges of our age is “short-termism.” A staggering 78 percent of CFOs and CEOs admit to sacrificing long-term value to achieve smoother earnings. Many decry this “suicide by quarter” mentality, but few CEO’s will be able to withstand the pressure to make the quarterly numbers unless he or she has … Read more

Leading Board Members Who Aren’t Natural Followers

Guest Blog by John Balkcom The board chair by definition and by charter is assigned to be the leader in the boardroom. But board members, especially when selected well, are rarely known for their willingness to follow. What’s a board chair to do? Here are my recommendations based on years of service on both for-profit … Read more

Bending the Focus of a Company

Interview with Harvey Wagner Former CEO, Quovadx Leaders Speak Series Harvey A. Wagner was the turnaround CEO of Quovadx from 2004 through 2007. Quovadx was a $100 million, NASDAQ-traded software and services company with offices in the U.S. and Europe as well as some outsourced R&D in China. Customers were in the hospital and telecommunications markets as … Read more

What’s Different About Leading Startups?

Interview with Stephen Von Rump Co-Founder and CEO, Giraff Technologies Leaders Speak Series  Stephen Von Rump is Co-Founder and CEO of Giraff Technologies AB. Giraff brings people together in the care of those living at home (e.g., the elderly). Giraff allows you to virtually enter a home from your computer via the Internet and conduct a … Read more

The Job of a Lifetime: Leading an Incredible Transformation

Interview with Nancy Tuor Former Group President CH2M Hill Leaders Speak Series  CH2M HILL, founded in 1946, is a global provider of consulting, design, construction, and operations services for corporations and governments. Headquartered near Denver, the employee-owned company has revenue of over $6 billion and employs over 30,000 people worldwide. CH2M Hill manages large, complex projects … Read more

A Tireless Focus on Excellence

Interview with Steven Rothstein President, Perkins School for the Blind Leaders Speak Series  Founded in 1829, Perkins School for the Blind operates in more than sixty countries with revenue of over $50 million. It offers free audio, Braille and large print books, and hundreds of newspapers by phone. The operations are complex, including a school, early … Read more

It Takes Teamwork, Trust, & Values to Win

Leadership insights from John Krol Former chairman and CEO, DuPont Leaders Speak Series E. I. du Pont de Nemours and Company, commonly referred to as DuPont, is one of the world’s largest chemical companies. It was founded in 1802, and its stock is a component of the Dow Jones Industrial Average. John Krol joined DuPont in … Read more

A Vision of Great Leadership

Interview with Ursula Burns Chairman and CEO, Xerox Leaders Speak Series  Ursula M. Burns is chairman and CEO of Xerox. With sales approaching $23 billion, Xerox (NYSE: XRX) is the world’s leading enterprise for business process and document management.  Burns joined Xerox in 1980 as a mechanical engineering summer intern and then worked her way up to … Read more

Why Tyco Threw Out Its Entire Board

Interview with John Krol and Ed BreenTyco International Leaders Speak Series John Krol was elected to Tyco’s board in 2002 and served as lead director until 2008. He is the former chairman and CEO of DuPont. Edward Breen was chairman and CEO of Tyco from 2002 until September 2012, when the company separated into three … Read more

Adaptable Leadership

  Interview with Mike Critelli Former CEO and Chairman, Pitney Bowes Leaders Speak Series  Mike Critelli was the CEO of Pitney Bowes (PB) from 1994 until 2007, continuing afterwards as Executive Chairman until 2008. (Check out Mike’s blog: “Open Mike.”) PB, a leading provider of customer communication technologies, was one of the eleven companies identified by … Read more

Interview with Dr. Dan Sweeney

“Breakdowns and Trans-Generational Culture” Interview with Dr. Dan Sweeney, Director, Institute for Enterprise Ethics, University of Denver Leaders Speak Series   Why do so many organizations break down? In recent years, some major corporations have had breakdowns and made significant mis-steps (e.g., BP, Johnson & Johnson, and Toyota). We interviewed Dr. Dan Sweeney, Director of … Read more