BI for MAY..
LEADERSHIP CHANGES - NOW WHAT HAPPENS?
Leadership at American corporate boards
of directors has changed radically over the past several years -- but
coming repercussions will bring tough new challenges, says the May
issue of online corporate governance monthly Boardroom INSIDER.
In “5 Ways the Lead Director Role is
Evolving,” publisher Ralph Ward notes that the new boardroom idea of a
formal leader for the board’s independent directors “has a speeded-up
evolutionary cycle.” Among the changes (and challenges) cited for the lead
director today is; a wider portfolio of duties, much greater
time and effort demands, and grudging acceptance of the role by CEOs.
The latter have accepted an empowered boardroom leader as “a tradeoff for
keeping the combined CEO/chairman role.”
But boards that feature a separate,
independent board chairman face their own challenges, Ward writes in “Emeritus
Chair - The Next Boardroom Headache?” With a separate chair also
growing in acceptance, the problem of what to do with a chairman who retires
from the role -- but stays on as a director -- arises. Ward cites Ray
Lane leaving the powerful board chair position at Hewlett-Packard, but
continuing as a board member while a new independent chair assumes the role.
“As with a retired Pope, boards are not quite sure what to do with a retired
Also in the May Boardroom INSIDER:
How do you “grade” a board of directors?
Should every board have a director ready to step up as interim CEO?
Q&A: What to do at your first advisory board meeting?
Ralph Ward will conduct a three-day program on
Building High Performance Boards for the IIR Middle East
in Dubai, UAE, June 16-18 2013. For more information,
program brochure, or contact me at