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8 of 8 people found the following review helpful
on October 28, 2000
As one who serves on several Boards of Directors and also one who reads a fair amount of corporate governance material, I found Susan Shultz's THE BOARD BOOK strongly on point. Sitting and "considering" directors as well as new and experienced CEO's will all benefit from reading the book.
Besides being based on lots of her own personal experience and research, Shultz's approach to making the book highly anecdotal lends a real-world tone to what is sometimes a legalistic approach to writing about the duties and practices of both CEO's and Boards.
I suggest that time would be well spent reading this book.
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4 of 4 people found the following review helpful
on September 25, 2000
Susan Schultz has written a great How To Do It book for current corporate directors as well as a manual for wannabes on what they'll need to know if they're ever lucky enough to be asked to join a Board of Directors of an American corporation. Utilizing both horror and success stories about corporate boards saving companies in trouble, successfully growing businesses, or taking them down the tubes by bad decisions, she gives business people a good overview of how boards ought to ethically and fiscally conduct themselves, how a good board member ought to behave, and what questions of management they should be asking at directors' meetings. The most interesting chapter is 'The Money," concerning what directors can expect to be paid, how stock grants and options work, and the current scandal with repricing options. Ms. Schultz has interviewed many former and current members of boards of corporations both large and small and includes their opinions and advice for prospective boardsmen and women. Unfortunately one of these interviewees was Gary Driggs, one of the notorious Arizona savings and loan scammers whose advice on working with boards is specious at best, but that caveat aside, this is a very informative, up-to-date, super book on this most important segment of American business. Highly recommended!
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3 of 3 people found the following review helpful
on January 5, 2002
Shultz's work has been a great help to me as a new board chair.
The many examples with analysis are an effective method for helping me understand the whats and the whys of board selection and roles.
She does not seem to be afraid to refere to actual examples of poor practices.
This book is not for you if you are not open to the notion of a truly independent board.
The checklists and appendecies are also very useful for reviewing board performance and/or setting-up a board.
I highly recommend this work if you are a board member, contemplating being a board member, or are creating a board.
My interests are primarily in the privatly held company boards. The majority of examples are for publicly traded companies, however the principles seem to transend the "type of organization " issue.
Joe McMullen
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3 of 4 people found the following review helpful
on October 7, 2000
In this well written, fast paced and content rich book, Shultz points out the importance of a good board. She makes anyone involved in corporate life aware that a board is a powerful capital asset. Proper selection is the key to success. The book describes in detail how to avoid the major pitfalls in the process. The work is based on in-depth interviews with many CEOs from Fortune 500s, to Startups and Pre-IPOs, from whom she gleans fascinating information. The Board Book will reward those looking to maximize opportunities
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1 of 2 people found the following review helpful
on October 7, 2000
In this well written, fast paced and content rich book, Shultz points out the importance of a good board. She makes anyone involved in corporate life aware that a board is a powerful capital asset. Proper selection is the key to success. The book describes in detail how to avoid the major pitfalls in the process. The work is based on in-depth interviews with many CEOs of Fortune 500 companies, Startups and Pre-IPOs, from whom she gleans fascinating information. The Board Book will reward those looking to maximize opportunities
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2 of 5 people found the following review helpful
on October 5, 2000
The first, last, and only book you will ever need about boards. It's full of anecdotes, basic information and a variety of check lists to help any chairperson or board member function expertly.
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