Owning Up Your world as a director has suddenly changed. You've seen members of other boards take the heat when their companies imploded. The managements of Lehman Brothers, Bear Stearns, Merrill Lynch, and Washington Mutual clearly failed, but so did their boards. Now the board of every company beset with problems is coming under scrutiny. The pressure is on. Your board must own up to its accountability for the performance of the corporation. Governance now means leadership. Boards must change their modus operandi to address the new and complex issues that are emerging. These include Ensuring liquidity in the context of the global financial crisis Setting CEO performance targets in a very uncertain economy Assessing strategy and enterprise risk under extreme volatility So what should boards do now? What should they be talking about in their meetings and executive sessions? What decisions must they make? How assertive must they be regarding company priorities and operating goals? In Owning Up, business advisor and corporate governance expert Ram Charan answers these and other burning questions on the minds of directors and business leaders. He describes best practices that are emerging in boardrooms he has observed firsthand. And he provides practical recommendations on a range of issues, from compensation to dealing with external constituencies. Wisely attuned to the human side, he confronts the need for some boards to refresh their composition and for others to rebalance their board dynamics. Directors, CEOs, general counsels, and operating executives will find here the guidance they need to meet the new and rising standards for corporate governance in this demanding business environment.
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"Very interesting book to complement my understanding the ideal profile of Board Members we use to hire for companies in the Brazilian market." — Marco (4 out of 5 stars)
"Very interesting book to complement my understanding the ideal profile of Board Members we use to hire for companies in the Brazilian market."
“Ram Charan always seems to get it right. Owning Up not only asks the right questions, it gives answers that can make a real difference for improving board performance.”
“This book is a most important contribution for both new and experienced directors, addressing contemporary corporate governance. The 14 practical questions represent the most vital issues that boards need to proactively address and are particularly crucial now as boards deal with the aftermath of the global financial tsunami.”
“If Corporate America’s board members had answered these questions, the crisis of '08 would have been avoided. The book is that powerful. It should be required reading in every boardroom, executive suite, and business school on the planet. This book with its singular wisdom could change the face of corporate governance—with huge dividends to shareholders and society.”
“As always, well-reasoned, insightful, and thought-provoking. A work that every director will find of value, particularly given the intense pressure of these unprecedented economic times.”
" Good perspective of what corporate governance should be considering - things that can make it add value "
" So far I love it "
" I expected more than just stories about GE. some good stuff, but how does one implement these practices if they don't have a Jack Welch and are not the size of GE? "
Ram Charan is a distinguished business advisor, business strategy expert, and speaker. For over thirty-five years, he has worked with top executives at some of the world’s most successful companies, including GE, Verizon, Dupont, and Bank of America. He is the coauthor of What the CEO Wants You to Know and Confronting Reality, among others. His articles have appeared in publications such as Financial Times, Harvard Business Review, Director’s Monthly, and Strategy and Business. Charan has served on the Blue Ribbon Commission and was elected a distinguished fellow of the National Academy of Human Resources. Currently on the board of Austin Industries and Tyco Electronics, he resides in Dallas, Texas.
Don Leslie has appeared on Broadway, off Broadway, and in regional theaters throughout the country. He has been heard in thousands of commercials, promos for all the broadcast networks and most cable stations, political campaigns, movie trailers, and over fifty audiobooks.
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