Along with the mystery of how to land the first board seat, comes the second mystery – understanding board of directors’ compensation. As potential clients of Summit Executive Resources consider the path to independent directorships, we are often asked for our insights into what components and how much is in board of directors’ compensation. Although… Read More
A new survey of global leaders shows potential paths for the future of work and the social contract between employers and employees. Every founder’s and leader’s assumptions, strategic plans, and visions for their companies’ futures have been profoundly changed by Covid-19. As the virus lingers, its economic impact will affect corporate culture for years. How will things change,… Read More
As colleges and universities across the country debate whether to bring students back to their campuses this fall, hold all of their courses online or offer some hybrid of the two, they are rightly focusing on how to best address all of the complicated health and safety challenges. But as they try to figure out… Read More
We have previously explored how to time board candidate selection and many board candidates are eager to hear whether they have been selected amongst a very competitive base of board talent. Albeit it may be slow moving, I believe that board succession agendas are shifting away from the good old boys’ club network and toward… Read More
Given today’s rapidly changing corporate environment that is fraught with risks, regulations and high demands from investors, the board’s job is more challenging than ever. To ensure the highest level of performance, boards must assess their own board health, effectiveness and balance. Also, if you are an executive who seeks a seat in the boardroom,… Read More
Capturing your first or even second board seat can take a very long time, a lot of persistence, perseverance, and patience. It may have happened for your friend, colleague, or neighbor faster than it is happening for you. If your reason for serving on a corporate board is to compete with your contemporaries or serve… Read More
The coronavirus pandemic has exposed, like no crisis before it, just how difficult it has now become for the United States and China to find common cause. One remarkable feature of the past few months has been the near-total lack of communication and cooperation between the world’s two leading powers, who instead have publicly engaged… Read More
Successful boards are diverse, including a group of dissimilar executives handpicked to support the organization’s strategic goals. Also, they have strong governance. They work within well-defined practices and rules that control the organization, which empowers them to pursue the organization’s strategic goals in a way that mitigates risk. Let’s talk about each of these fundamental… Read More
Among all the anxiety that the Coronavirus pandemic has wrought across the United States, there is the added uncertainty about what we will return to when the all-clear signal is finally given. The post-crisis world will look and feel much different than before, if only because so many people have lost their jobs and life… Read More
Like me, you need a faith capable of destroying all the obstacles that this world presents. No doubt that there is a real storm wind out there that is driving our sails. Are you going to furl your sails in order to take shelter in the port, for fear that going will get too rough,… Read More