MCN Blogs

By DP30 david@thehotbuttonl.com

5 Pillars of Effective Board Management

A strong board management strategy drives value across the board, allowing businesses to thrive in times of innovation, complexity, and crises. A strong mission, clear engagement model , and efficient information practices are the foundations of effective governance that we define as:

Leadership

In order to achieve effective governance, boards need to select the right board leaders who can effectively run meetings, foster constructive discussion, and invest in education, development and feedback. These leaders must also keep confidence among their fellow directors, CEOs, and resolve conflicts when they arise.

The chairperson of the board is an important mediator, as they can establish the tone for meetings and guide the resolution process if needed. They should also be ready to raise tough issues when the right time comes knowing that these conversations will require greater examination than topics that are less challenging.

The duration of the term and its limits

The term limit for board chairman positions should be designed to be consistent with the company’s bylaws, and should be reviewed on a regular basis to ensure that the board is made up of a diverse group of people with a variety of abilities and backgrounds. Many bylaws specify a term of two or three years, however some don’t have any limit.

Retention of key talent

The most successful boards keep key board members who can provide valuable skills, experience and connections to key stakeholders. They are open to new perspectives and draw upon external expertise when necessary. They also adapt quickly to changing priorities and changing conditions.

data security

Be Sociable, Share!

Comments are closed.

MCN Blogs

Quote Unquotesee all »

It shows how out of it I was in trying to be in it, acknowledging that I was out of it to myself, and then thinking, “Okay, how do I stop being out of it? Well, I get some legitimate illogical narrative ideas” — some novel, you know?

So I decided on three writers that I might be able to option their material and get some producer, or myself as producer, and then get some writer to do a screenplay on it, and maybe make a movie.

And so the three projects were “Do Androids Dream of Electric Sheep,” “Naked Lunch” and a collection of Bukowski. Which, in 1975, forget it — I mean, that was nuts. Hollywood would not touch any of that, but I was looking for something commercial, and I thought that all of these things were coming.

There would be no Blade Runner if there was no Ray Bradbury. I couldn’t find Philip K. Dick. His agent didn’t even know where he was. And so I gave up.

I was walking down the street and I ran into Bradbury — he directed a play that I was going to do as an actor, so we know each other, but he yelled “hi” — and I’d forgot who he was.

So at my girlfriend Barbara Hershey’s urging — I was with her at that moment — she said, “Talk to him! That guy really wants to talk to you,” and I said “No, fuck him,” and keep walking.

But then I did, and then I realized who it was, and I thought, “Wait, he’s in that realm, maybe he knows Philip K. Dick.” I said, “You know a guy named—” “Yeah, sure — you want his phone number?”

My friend paid my rent for a year while I wrote, because it turned out we couldn’t get a writer. My friends kept on me about, well, if you can’t get a writer, then you write.”
~ Hampton Fancher

“That was the most disappointing thing to me in how this thing was played. Is that I’m on the phone with you now, after all that’s been said, and the fundamental distinction between what James is dealing with in these other cases is not actually brought to the fore. The fundamental difference is that James Franco didn’t seek to use his position to have sex with anyone. There’s not a case of that. He wasn’t using his position or status to try to solicit a sexual favor from anyone. If he had — if that were what the accusation involved — the show would not have gone on. We would have folded up shop and we would have not completed the show. Because then it would have been the same as Harvey Weinstein, or Les Moonves, or any of these cases that are fundamental to this new paradigm. Did you not notice that? Why did you not notice that? Is that not something notable to say, journalistically? Because nobody could find the voice to say it. I’m not just being rhetorical. Why is it that you and the other critics, none of you could find the voice to say, “You know, it’s not this, it’s that”? Because — let me go on and speak further to this. If you go back to the L.A. Times piece, that’s what it lacked. That’s what they were not able to deliver. The one example in the five that involved an issue of a sexual act was between James and a woman he was dating, who he was not working with. There was no professional dynamic in any capacity.

~ David Simon