1
Available December 2013 Is your firm’s board creating value—or destroying it? Change is coming. Leadership at the top is being redefined as boards take a more active role in decisions that once belonged solely to the CEO. But for all the advantages of increased board engagement, it can create debilitating questions of authority and dangerous meddling into day‐to‐day operations. Directors need a new road map—for when to lead, when to partner, and when to stay out of the way. Boardroom veterans Ram Charan, Dennis Carey, and Michael Useem advocate this new governance model—a notable departure from what has been demanded by governance activists, raters, and regulators—and reveal the emerging practices that define the shared leadership of directors and executives. Based on personal interviews and the authors’ broad and deep experience working with executives and directors from dozens of the world’s largest firms, including Apple, Boeing, Ford, Infosys, and Lenovo, Boards That Lead tells the inside story behind the successes and pitfalls of this new leadership model and explains how to: Define the central idea of the company Ensure that the right CEO is in place and potential successors identified Recruit directors who add value Root out board dysfunction Select a board leader who deftly bridges the divide between management and the board Set a high bar on ethics and risk With a total of eighteen checklists that will transform board directors from monitors to leaders, Charan, Carey, and Useem provide a smart and practical guide for businesspeople everywhere—whether they occupy the boardroom or the C‐suite—on when to lead, when to partner, and when to stay out of the way. ABOUT THE AUTHORS Ram Charan is a business advisor who has worked with executives and directors of some of the world’s leading companies. He has authored several books, including Execution (with Larry Bossidy), What the CEO Wants You to Know, and Boards That Deliver. Dennis Carey is vice chairman of Korn/Ferry International and specializes in the recruitment of CEOs and corporate directors. His books include CEO Succession and How to Run a Company. Michael Useem is professor of management and director of the Center for Leadership and Change Management at the Wharton School. He is the author or coauthor of eight books, including The India Way, Leading Up, and The Leadership Moment. Books and ebooks will be available at retailers worldwide. Books can also be purchased in bulk at a discount. If interested, please contact: [email protected]. Boards That Lead When to Take Charge, When to Partner, and When to Stay Out of the Way By Ram Charan, Dennis Carey, and Michael Useem ISBN 978‐1‐4221‐4405‐4 eISBN 978‐1‐4221‐4407‐7 US $35.00 Hardcover Available December 2013

Dennis Carey - Boards That Lead

Embed Size (px)

Citation preview

Page 1: Dennis Carey - Boards That Lead

Available December 2013

Isyourfirm’sboardcreatingvalue—ordestroyingit?Changeiscoming.LeadershipatthetopisbeingredefinedasboardstakeamoreactiveroleindecisionsthatoncebelongedsolelytotheCEO.Butforalltheadvantagesofincreasedboardengagement,itcancreatedebilitatingquestionsofauthorityanddangerousmeddlingintoday‐to‐dayoperations.Directorsneedanewroadmap—forwhentolead,whentopartner,andwhentostayoutoftheway.BoardroomveteransRamCharan,DennisCarey,andMichaelUseemadvocatethisnewgovernancemodel—anotabledeparturefromwhathasbeendemandedbygovernanceactivists,raters,andregulators—andrevealtheemergingpracticesthatdefinethesharedleadershipofdirectorsandexecutives.Basedonpersonalinterviewsandtheauthors’broadanddeepexperienceworkingwithexecutivesanddirectorsfromdozensoftheworld’slargestfirms,includingApple,Boeing,Ford,Infosys,andLenovo,BoardsThatLeadtellstheinsidestorybehindthesuccessesandpitfallsofthisnewleadershipmodelandexplainshowto: • Definethecentralideaofthecompany• EnsurethattherightCEOisinplaceandpotentialsuccessorsidentified• Recruitdirectorswhoaddvalue• Rootoutboarddysfunction• Selectaboardleaderwhodeftlybridgesthedividebetween

managementandtheboard• SetahighbaronethicsandriskWithatotalofeighteencheckliststhatwilltransformboarddirectorsfrommonitorstoleaders,Charan,Carey,andUseemprovideasmartandpracticalguideforbusinesspeopleeverywhere—whethertheyoccupytheboardroomortheC‐suite—onwhentolead,whentopartner,andwhentostayoutoftheway.

ABOUTTHEAUTHORSRamCharanisabusinessadvisorwhohasworkedwithexecutivesanddirectorsofsomeoftheworld’sleadingcompanies.Hehasauthoredseveralbooks,includingExecution(withLarryBossidy),WhattheCEOWantsYoutoKnow,andBoardsThatDeliver.DennisCareyisvicechairmanofKorn/FerryInternationalandspecializesintherecruitmentofCEOsandcorporatedirectors.HisbooksincludeCEOSuccessionandHowtoRunaCompany.MichaelUseemisprofessorofmanagementanddirectoroftheCenterforLeadershipandChangeManagementattheWhartonSchool.Heistheauthororcoauthorofeightbooks,includingTheIndiaWay,LeadingUp,andTheLeadershipMoment.

Booksandebookswillbeavailableatretailersworldwide.Bookscanalsobepurchasedinbulkatadiscount.Ifinterested,pleasecontact:[email protected].

BoardsThatLead

WhentoTakeCharge,WhentoPartner,andWhentoStay

OutoftheWay

ByRamCharan,DennisCarey,andMichaelUseem

ISBN978‐1‐4221‐4405‐4eISBN978‐1‐4221‐4407‐7

US$35.00HardcoverAvailableDecember2013