{"title":"Ethics and why they\u0000 matter","authors":"Knut N. Kjaer","doi":"10.4324/9781003201182-21","DOIUrl":"https://doi.org/10.4324/9781003201182-21","url":null,"abstract":"How do effective directors ensure that sound business ethics and long-term\u0000 risk-controlled value creation are at the heart of the board’s\u0000 decision-making?\u0000 Based on a framework of global corporate governance best practice, which can\u0000 be used in all organisations anywhere in the world, this chapter of\u0000 Questions To Ask (QTA) in the boardroom gives a high-level but succinct\u0000 introduction to ethical decision-making.\u0000 Organisational values, ethical behavioural standards, and the associated\u0000 Codes of Conduct, are all set in the boardroom. The board is responsible for\u0000 having in place a top management team who are trustworthy and possess\u0000 integrity. The board is responsible for the culture being sound and healthy.\u0000 To be on top of this, the board itself needs to have a clear common\u0000 understanding on why such values are important for the risk-controlled\u0000 future performance, what basic values need to be in place, and how the board\u0000 must work to follow this up.\u0000 The chapter’s introduction leads into the key Questions To Ask in the\u0000 boardroom, giving the reader further insight into how to initiate\u0000 discussions about the ethical standards and behavioural practices of the\u0000 organisation.","PeriodicalId":401500,"journal":{"name":"Effective Directors","volume":" 41","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120831856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Assessing the chair's\u0000 performance","authors":"Charlotte Valeur","doi":"10.4324/9781003201182-5","DOIUrl":"https://doi.org/10.4324/9781003201182-5","url":null,"abstract":"How do effective directors ensure they assess the chair’s performance\u0000 appropriately on a regular basis?\u0000 Based on a framework of global corporate governance best practice, which can\u0000 be used in all organisations anywhere in the world, this chapter of\u0000 Questions To Ask (QTA) in the boardroom gives a high-level but succinct\u0000 introduction to the role of a chair and how to assess the chair’s\u0000 performance.\u0000 All directors should ensure that there is a process in place for assessment\u0000 of the chair’s performance as part of the board performance assessments.\u0000 The chapter considers what attributes makes for a great chair and how to\u0000 assess the chair’s performance. This includes setting the direction of the\u0000 organisation, being the CEO’s line manager and mentor as well as a\u0000 supporting sounding board, ensuring the board functions well, being\u0000 emotionally intelligent, and handling any stakeholder well when appropriate\u0000 and needed. The chair needs the directors of the board to give them good\u0000 feedback and input on their performance on a regular basis.\u0000 The chapter’s introduction leads into outlining the key Questions To Ask in\u0000 the boardroom, giving the reader further insight into how to initiate\u0000 discussions about the practical details requiring the attention of the\u0000 board.","PeriodicalId":401500,"journal":{"name":"Effective Directors","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115262322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Matters reserved for\u0000 the board","authors":"D. Doughty","doi":"10.4324/9781003201182-39","DOIUrl":"https://doi.org/10.4324/9781003201182-39","url":null,"abstract":"How do effective directors ensure the matters reserved for the board they\u0000 serve are clear?\u0000 Based on a framework of global corporate governance best practice, which can\u0000 be used in all organisations anywhere in the world, this chapter of\u0000 Questions To Ask (QTA) in the boardroom gives a high-level but succinct\u0000 introduction to matters reserved for the board.\u0000 All directors should ensure that there is complete clarity of the matters\u0000 reserved for the board and of the delegated authority given to the\u0000 executives. Ideally both will be paid out clearly in two separate documents\u0000 referred to as “Matters Reserved for the Board” and “Delegation of\u0000 Authority.”\u0000 The chapter considers matters reserved within different governance\u0000 structures such as unitary boards and two-tier boards, and the countries\u0000 adopting the different structures.\u0000 The chapter’s introduction leads into outlining the key Questions To Ask in\u0000 the boardroom, giving the reader further insight into how to initiate\u0000 discussions about the practical details requiring the attention of the\u0000 board.","PeriodicalId":401500,"journal":{"name":"Effective Directors","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115049993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chief executive\u0000 succession planning","authors":"Kit Bingham","doi":"10.4324/9781003201182-10","DOIUrl":"https://doi.org/10.4324/9781003201182-10","url":null,"abstract":"How do effective directors ensure that they have the right leadership for\u0000 the organisation?\u0000 Based on a framework of global corporate governance best practice, which can\u0000 be used in all organisations anywhere in the world, this chapter of\u0000 Questions To Ask (QTA) in the boardroom gives a high-level but succinct\u0000 introduction to executive succession planning.\u0000 Choosing the chief executive is arguably the most important task facing any\u0000 board of directors. It follows that planning for the moment when one chief\u0000 executive hands over to their successor is equally critical. A smooth and\u0000 seamless succession process allows an organisation either to continue\u0000 executing its strategy without unnecessary distraction or to send a decisive\u0000 signal that change is underway.\u0000 Conversely, a muddied or mishandled succession can undermine the\u0000 organisation’s leadership, rupture key relationships, prompt unhelpful\u0000 politicking and gossip, and deflect management from other core priorities.\u0000 So how can boards be sure they get it right?\u0000 The chapter’s introduction leads into the key Questions To Ask in the\u0000 boardroom, giving the reader further insight into how any board of directors\u0000 should ask themselves as they tackle one of their central responsibilities\u0000 of hiring the right CEO.","PeriodicalId":401500,"journal":{"name":"Effective Directors","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127454143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Remuneration for\u0000 executives and management","authors":"Brian J. Kearney","doi":"10.4324/9781003201182-15","DOIUrl":"https://doi.org/10.4324/9781003201182-15","url":null,"abstract":"How do effective directors ensure that the remuneration for executives and\u0000 management is appropriate?\u0000 Based on a framework of global corporate governance best practice that can\u0000 be used in all organisations anywhere in the world, this chapter of\u0000 Questions To Ask (QTA) in the boardroom gives a high-level but succinct\u0000 introduction to remuneration for senior management and executives.\u0000 Executive remuneration that is well structured and clearly linked to\u0000 strategic objectives is important for long-term stability and growth.\u0000 Executive directors who contribute to long-term organisational success\u0000 should be rewarded appropriately and on a transparent basis as stakeholders\u0000 want to see remuneration being used effectively to attract and incentivise\u0000 executives as well as fostering a culture for sustainable growth.\u0000 The work of the remuneration committee is integral to achieving the\u0000 board-approved objectives, and it is necessary that how executives are\u0000 remunerated, supports the achievement of those objectives and does not\u0000 conflict with them.\u0000 The chapter’s introduction leads into outlining the key Questions To Ask in\u0000 the boardroom, giving the reader further insight into how to initiate\u0000 discussions about executive remuneration. The suggested questions cover\u0000 long-term incentive plans, annual incentives awards, and the vesting of\u0000 long-term incentives.","PeriodicalId":401500,"journal":{"name":"Effective Directors","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115760500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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