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. 

Read More

Topics: board of directors, GGA, CEO Succession

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. 

Read More

Topics: board of directors, GGA, Executive Compensation

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.

Read More

Topics: define your board, board of directors, GGA

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.

Read More

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.

Read More

Topics: board of directors, GGA, board assessments

Striving For Good Governance Should Be Universal

Posted by Brad Kelly on Jul 5, 2018 3:16:31 PM

There is a wide array of organizations that exist in the market place:

  • for-profit/not-for-profit
  • privately-owned/publicly traded
  • public sector/private sector

And unfortunately, with this variety, there tends to be a false assumption that there shouldn't be a similar array of board governance standards.

The truth is that ALL Boards of Directors operate under the same three fiduciary duties:

Read More

Topics: board of directors, compensation governance, GGA

Three Reasons Why You Should Stop Emailing Your Board Documents

Posted by Linaeya Horn-Muller on Jul 5, 2018 3:15:38 PM

Industry trends have shown a significant shift towards a paperless Boardroom. While some boards choose to streamline their communication by Board Software Communication, others have simply ignored the trends and continue to use email to fulfill their needs.

Email might prevent added costs to board operations, but it also proposes more potential downfalls and risks because email:

Read More

Topics: board of directors, secure, board software communication

The Five Human Capital Management Questions Every Board of Directors Must Address

Posted by David Boim on Jul 5, 2018 3:06:01 PM

“Given the pace of business change today, companies increasingly need agile boards with the expertise to guide the company amid emerging threats and opportunities. And investors increasingly expect that boards will embrace rigorous practices to ensure they have the right expertise in the boardroom to respond to evolving market and competitive demands. The highest-performing boards will adopt a continuous improvement mindset, ensuring that their composition evolves in light of new strategic imperatives.” AESC.org

Read More

Topics: board of directors, hcm, GGA, human capital management