BW Online's Armchair MBA has two interesting articles about boards. First, in "The Problem with Boards," the author discusses various ways that boards can go wrong. This article is essential for board members or those who advise and work with them. The article points out ways in which boards have improved since the Enron era, offers suggestions to keep boards operating smoothly (one great tip: come to meetings prepared so directors don't need to waste valuable time on reading material), suggests director skills and traits that can make a board more effective, and discusses the proper role of CEOs.
Second, the topic of "Getting a New Director Up to Speed" is pretty self-explanatory, even if the advice isn't. Many people assume that because a person is smart enough to be on a board, that person doesn't need any training. The problem is, new directors often get pushed off on the general counsel or secretary to learn various details about the company, but this "training" teaches them nothing about the dynamics of the board. Instead, a dialogue with the board's leader is the best way for a new director to become integrated.
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The Brief Case is devoted to legal news and analysis for businesses and attorneys. I will feature issues of interest to corporate lawyers or their clients, as well as legal issues that are just plain fascinating.
About Me
- Emily Finger
- Minnetonka, Minnesota, United States
- Emily is a solo practitioner specializing in business law, estate planning, and general litigation. Her office is located in Minneapolis, Minnesota. She is an active member of local bar associations and business groups, as well as a Six Sigma Green Belt. Contact Emily at www.emilyfingerlaw.com for information regarding curriculum vitae, presentations, and services.