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Frequently Asked Questions
Why Boardroom Performance?
With Enron, Sarbanes Oxley, board liability, leadership has shifted from the
"imperial CEO model" to collaborative leadership in the boardroom. Everyone in
the boardroom is responsible for the success of the organization. Even
private companies and non profits are evaluating crisis issues, making major
decisions and taking actions in the boardroom. The boardroom could be a
conference room, commissioner’s public hearing, university trustee meeting room,
or regulator’s office. Most importantly, stakeholders, investors, regulators,
donors and plaintiffs are not only holding those in the boardroom accountable,
but personally liable for damages. All of this means that everyone in the
boardroom, Chair, Directors, CEO, executive teams, employees trusted advisors,
investor and other stakeholders must raise their level of performance to help the organization
survive and prosper and protect themselves against liability.
Why should you choose us?
The principals of Boardroom Performance Group have extensive experience helping
boards succeed though facilitating turnarounds, improving board performance and
dynamics, offering powerful on line tools and processes and focusing on high
performance, and building effective leadership teams that include the directors,
executives and all stakeholders.
Why Boardroom Performance Group now?
- To survive
the current economic crisis
- To respond
to a changing and more challenging market
- To assess
and strengthen the executive team
- To respond
to regulatory decrees
- To develop a
succession plan
- To
turnaround the organization in 90 days
- To improve
the working relationship with the CEO and board
- To implement
a new strategy and insure execution
- To
strengthen the board’s composition, knowledge, and performance focus
How do I start?
Check out our sample engagements and call us or email to discuss your needs.
We can arrange a teleconference meeting with your Chair, CEO, Board
Committee Heads and key advisors to discuss you’re unique needs and how we can
help.
How long does it take?
30 to 90 days
What industries and organizations have you done this for?
All types of industries and organizations from banking, government, non profit,
technology, closely held companies, venture capital, associations, private
equity, insurance, healthcare, education, religious, etc.
What are the steps?
What are the steps for
a turnaround or revitalization? Meet with owner, major stakeholders, regulators,
Chairman, CEO or other key stakeholders to understand the issues. Provide on
line self assessment by board and executive team. As needed, conduct Interviews
with each director, executive and key stakeholders. In 30 days debrief to
identify areas to strengthen. Act as catalyst for action items to be
accomplished in 90 days. In 90 days: Major changes in attitudes, behaviors and
results.
What other boardroom issues can you help us resolve?
- Board
committees-Do we have the right committees, right directors on the committees,
how are they performing?
- Board
composition-How does our board meet the organizations needs for strategy,
innovation, CEO oversight, alliances, governance, new
markets, etc.? Do we have the right mix of talent?
- Self
Assessment debrief-What is the board's total performance score? How are we doing in board
composition, strategic planning, CEO effectiveness, Board CEO relationship.
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Coaching-Does the Chair, Directors, CEO, Executives etc. need group and
individual coaching to improve boardroom performance?
- Board
development and training needs-What gaps do we have in our board development and
training needs and how should we resolve?
- Governance
structure-Do we have clear roles, responsibilities and accountabilities?
- Board
dynamics-How do we function in board meetings? Presentations only? What's the
level and quality of questions and dialogue?
- Board
information-What kind of information does the board get? Is it timely, pertinent
and decision ready?
- Strategic
planning-Does the organization have a strategy? Does the board understand the
strategy and focus on it during board meetings? Is the organization achieving
its strategic goals?
- Board and
executive compensation- Is the compensation fair and tied to
performance objectives?
- Succession
of Chair, directors, CEO and others-Do we regularly assess current performance
and plan for key board and executive positions?
What other Boardroom Performance Group services do you provide?
- Mediation of
conflicts and roadblocks to performance
- Define
advisor needs and make connections for clients
- Selection of
executives in reorganizations
- M&A
assessment of executives and boards
- Facilitate
new business concepts
- Assessment
of boards and executives on behalf of stakeholders, investors and regulators
Can you give me examples of successful projects?
Yes, refer to sample engagements. Circle those that might apply to your
situation. Ask us for more information.
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