All Aboard: Making Board Effectiveness a Reality Harvard Case Solution & Analysis

Boards of directors represent the stockholders of publicly-traded companies, validating fiscal results, shielding their assets, and counseling the CEO. It is a demanding duty, requiring managers to learn as much as they can about a company that their insights stand up alongside those of executives. That, at least, is the ideal; to being the reality, but is it anywhere close? Unfortunately, no, argues veteran manager and educator David R. Beatty.

In a wide-ranging interview with two McKinsey authors, he describes where many boards are lacking; the importance of focusing on the 3Ts (ability, time plus tone), and why adding the CFO to every board is an idea worth considering. In a sidebar, the values of family-run firms' governance models are discussed.

This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE

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