It’s not uncommon for someone to accept an appointment to join a board of directors just to find that it’s really not as interesting or as rewarding as they thought it would be. Dysfunction in the boardroom causes boards to…
Getting the right people with the right skillsets on your board is one of the most important decisions that board directors can make. It seems simple enough on the surface, although getting the right people and skills for your board…
Board terms end, directors resign or move out of state, and sometimes they retire, move on to other things or simply pass away. Many circumstances can cause vacant board seats, and business must go on for the board members who…
When you don’t know who to ask—ask the board secretary. Board secretaries tend to be the “go to” people who can either help you directly or tell you where to get the information you need. Board secretaries are the best…
When you enter the hospital as a patient, you have certain expectations for how you will be treated. You expect that the doctors will use tests to assess your health. From there, you can reasonably anticipate that the assessment will…
One of the new trends in corporate governance is creating a diverse board of directors that not only breaks the Caucasian male stereotype, but also moves the corporation toward greater success. Women, along with African-Americans and people of other ethnicities…
State laws generally require all publicly traded companies to hold annual meetings to conduct the most important business of the year. The investment field generally refers to the months between March and June as the annual meeting season. Mid-cap and…
The scandals of major corporations like Enron and others in the banking industry caused a significant tightening up of regulations in the securities industry. As a result, large corporations scrambled to keep pace with new expectations for compliance. Fortunately, they…
On May 14, 2017, Brad Smith, president and chief legal officer of Microsoft, posted a Microsoft blog including “Lessons from last week’s cyberattack”. His message and warnings referred to the previous Friday’s “WannaCrypt” ransomware attack, which quickly spread globally from…
Reviewing the board packet, attending meetings, approving financial reports and serving on committees — these are all responsibilities that board directors of non-profit, private and public corporations can expect to have. Serving on non-profit boards serves as good experience for…
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