Global Governance Advisors

The Secret to Successful CEO Succession Every Board Should Know

Posted by Paul Gryglewicz on Aug 15, 2018 10:00:00 AM

“Tim Hortons is hiring -- Canada's No. 1 coffee chain is looking for a new leader after the abrupt departure of its CEO.

The company announced Wednesday that Don Schroeder, 65, no longer serves as president and CEO after three years at the helm and two decades as an employee.” 1 [i]said in a 2015 press release.

The board’s number one responsibility is CEO succession planning, yet so many boards ignore the criticality of proactively discussing the senior leadership succession plan.  While industrial psychologist researchers have identified that some of the most successful CEO successors are those that have been hired from within,  most organizations do not have the depth of talent necessary to identify the new captain of the team. 

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Topics: board of directors, GGA, CEO Succession

Assessing Governance Effectiveness in Pensions

Posted by Brad Kelly on Aug 13, 2018 10:00:00 AM

In the compensation and governance world, it is commonly known that shareholders are relatively quiet when companies are successful and driving returns. However, when things go south, shareholders question more and demand to know how corporate governance can be improved. These demands are accentuated for public pensions. When pension funds are performing well, there is little pressure, but after weathering through the past two recessions and, for some, experiencing co-payment holidays, under-funding status levels are understandably correlated to the increased level of pressure they are experiencing today.

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Topics: GGA, Corporate Governance, Pension Governance

How to Create Effective Board Meetings

Posted by Peter Landers on Jul 30, 2018 10:07:42 AM

Effective Board and Committee meetings are one of the key factors that allow a board to operate efficiently and help drive better decision-making. As an advisor to boards, I have participated in hundreds of meetings and have observed both efficient and inefficiently run meetings. Ultimately, the meetings that ran most efficiently allowed the Board/Committee to move forward with its agenda and not be distracted by trivial issues that delay decision-making.

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Topics: GGA, Board Room, Board Meeting

Four Steps a Board Should Follow When Determining Executive Compensation

Posted by Paul Gryglewicz on Jul 9, 2018 8:35:26 AM

This year’s FIFA World Cup highlights the importance of using defense to create a top-notch offense. The same can be said for Boards of Directors. The board’s best offense is a good defense, and good defense starts with a great fundamental base.  That base, in the world of compensation, is the Compensation Philosophy, and that philosophy needs to mirror the business strategy of the company. 

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Topics: board of directors, GGA, Executive Compensation

How to Effectively Take Board Meeting Minutes

Posted by Linaeya Horn-Muller on Jul 5, 2018 5:34:37 PM

The number of times a board meets each year varies and is dependent on each individual board’s goals. Some boards will only meet once – at their annual general meeting (AGM) – and others will meet multiple times. Regardless of how many times a board meets, one task is universal throughout all board rooms. During each meeting, board meeting minutes are recorded.  

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Topics: GGA, Meeting Minutes, Board Room

How to Build and Motivate High-Performance Investment Teams

Posted by Brad Kelly on Jul 5, 2018 3:39:57 PM

Two Advisory Partners, from Global Governance Advisors, recently presented at the annual NCPERS conference for public pension Chief Investment Officers (CIOs) on how to build and motivate high performance investment teams.

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Making Sense of Your Role – Better Defining Board and Management Responsibilities

Posted by Peter Landers on Jul 5, 2018 3:26:08 PM

To ensure good governance practices, Board members must acknowledge and adhere to three primary fiduciary duties, which was the message that I recently delivered in education sessions to public pension plan trustees and board members for not-for-profit organizations.

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Topics: define your board, board of directors, GGA

The Importance of Giving Back to One's Community - A Life Lesson

Posted by David Boim on Jul 5, 2018 3:23:54 PM

Global Governance Advisors (GGA) includes “giving back to our community” as a core value of our corporate culture. The GGA staff identifies meaningful programs and partnerships that empower individuals living with developmental disabilities and youth in under-served communities. Our corporate philanthropy focuses on three areas:

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Topics: GGA, Autism Awareness, Corporate Philanthropy

The Power of Board Assessments

Posted by Peter Landers on Jul 5, 2018 3:23:19 PM

Board assessments are a powerful tool that can be used to evaluate the ongoing performance of your Board and ensure that you are following proper governance practices.

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Topics: board of directors, GGA, board assessments

Three Types of Board Assessments That Will Benefit an Organization's Board Governance Practice

Posted by Peter Landers on Jul 5, 2018 3:20:53 PM

Board assessments can range in scope from simple, post Board meeting questionnaire of 5 to 10 questions on how to improve future meetings to detailed reviews at the end of the year that cover not only Board performance, but also director’s views on Committee performance and their peers’ performance. While organizations tended to conduct these types of assessments internally in the past, more and more organizations are relying on independent third parties to help them during the assessment with 45% of Boards reporting the use of consultants during their Board assessment, according to a recent Global Board survey, conducted by InterSearch and Board Network.

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Topics: board of directors, GGA, board assessments