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

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