5 Ways the Recession is Changing Boards of Directors

by Josh Spiro, for Inc., January 2010.

The recession is changing the relationship between CEOs and their boards of directors and here are 5 ways the status quo on issues like executive pay and succession is shifting.

With issues ranging from risk management to executive pay often in the headlines, the role of boards of directors is in the spotlight as never before. If you are setting up a board—and even if you have a board, and your relationship with boardmembers is good, you should expect that your board will become more active over the next few years. That’s because, at the corporate level, boards are undergoing something of a revolutions. Much greater oversight and scrutiny is fast-becoming the norm. “Trends in boards and corporate governance issues start with Fortune 100 companies and work their way down,” says Ralph Ward, the author of New Boardroom Leadersand Saving the Corporate Board. Inc. asked Ward to lay out five ways boards are adapting in the face of financial turmoil…(continue reading)

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