Operating an effective board

May 2015  |  SPECIAL REPORT: OPERATING AN EFFECTIVE BOARD

Financier Worldwide Magazine

May 2015 Issue

May 2015 Issue


The board is a company’s governing body – its ultimate decision-making authority. The board is responsible for determining strategic objectives, monitoring company policies, appointing senior management, and accounting for company activities to stakeholders. Furthermore, in an era of increasing regulatory scrutiny, the performance and effectiveness of the board is under the microscope like never before. To achieve an above reproach level of competency and integrity, the board needs to possess an appropriate balance of innovation, experience, independence and challenge to ensure that operational effectiveness is secured. Failure by a board to strike such a balance allied with shortcomings in statutory and ethical governance can carry with it significant penalties for the individual and the collective.

FORUM: Preparing for and tackling shareholder activism

FW moderates a discussion on preparing for and tackling shareholder activism between Ethan A. Klingsberg at Cleary Gottlieb Steen & Hamilton LLP, Chris Young at Credit Suisse, Arthur Crozier at Innisfree M&A Incorporated, and Michael Schwartz at Willkie Farr & Gallagher LLP.

Unleashing valuable new perspectives in the boardroom

Deloitte LLP It is not uncommon for the topic of diversity to enter into boardroom and management discussions these days, and that is good news. Yet, there remains a gap between talking about diversity in its many facets and embedding diversity into...

The value of core values: a board’s role in realising the connection between your core values and profitability

Black Diamond Associates Any business plan emphasises an understanding of strengths, limitations, opportunities and threats. A vision and mission are standard fare. And any strategic planning process that is worth its salt includes identifying the foundational core values. But even...

Boards to the rescue – preventing dysfunctional teams at the top

Hay Group A number of top executives at globally renowned firms have lost their jobs in the past year. These sudden and often unexpected departures highlight a growing need in the boardroom, namely that of boards of directors taking a closer look at the executive...

Hiring and firing the board

Brahams Dutt Badrick French LLP A company’s senior personnel are invariably one of its most important resources – and certainly one of its most costly. Yet all too often, companies fail to properly address the necessary issues on negotiating the entrance of its most senior personnel...

Barbarians at the gate: responding to unsolicited indicative takeover offers

Minter Ellison Reaffirming that unsolicited takeover approaches are an integral part of the Australian M&A landscape, a recent report has identified that around half of the transactions valued over A$1bn in the first six months of 2014 were announced without approval...

Cyber security risk

Fieldfisher The threat of a cyber attack is more immediate now than ever. This past year alone has seen high profile attacks on numerous organisations, ranging from blue chip companies to government departments, often with devastating consequences such as...

Coping with the increasing risks of directors’ & officers’ personal liability

Reed Smith Richards Butler Directors and officers need to be alive to the risk of personal liability and must take active steps to manage those risks. In Hong Kong, such personal risks have greatly increased in recent years, as D&Os have been made subject to new regulatory obligations...

How an effective audit committee can keep you out of the headlines

McGladrey LLP The complexity of business transactions, globalisation and continuous changes in technology mean that today’s companies must invest more than ever in compliance activities. Even as companies boost their compliance investments, corporate...

Q&A: Board composition

FW moderates a discussion on board composition between Sarah K. Stewart at Boyden, Deborah DeHaas at Deloitte LLP, Steven R. Walker at the National Association of Corporate Directors, and Margaret Pederson at Women Corporate Directors.


CONTRIBUTORS

Black Diamond Associates

Boyden

Brahams Dutt Badrick French LLP

Cleary Gottlieb Steen & Hamilton LLP

Credit Suisse

Deloitte LLP

Fieldfisher

Hay Group

Innisfree M&A Incorporated

McGladrey LLP

Minter Ellison

National Association of Corporate Directors

Reed Smith Richards Butler

Willkie Farr & Gallagher LLP

Women Corporate Directors


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