The Savvy Director Blog

^{Pete Seeger and Bruce Springsteen perform at a concert for President Obama in 2009. H. Darr Beiser, USA Today}

“It is the hard days, the times that challenge you to your very core, that determine who you are.” ─ Sheryl Sandberg, COO Facebook

‘Keep Your Eyes on the Prize’ is a song made famous by Pete Seeger on his 1963 album, ‘We Shall Overcome.’ It was played to keep spirits up during the 1960’s civil rights movement. Bruce Springsteen has also performed it, as have other artists. If ...

I’ve been meaning to write about governance courage for a while now. After all, it is one of The Six Key Habits of The Savvy Director.

And the Russell Reynolds research that inspired our Six Habits framework identifies ‘the courage to do the right thing for the right reason’ as one of the most important director behaviors that drive board effectiveness.

But the impetus for writing this particular blog at this particular point in time actually came from one of our Savvy Director readers, who ...

For many years on boards, my use of the admonition to never let a good crisis go to waste was often met with understanding, acknowledgement, enthusiasm … and then reluctance.

Change is hard. People are slow to change if they don’t see a burning platform. Boards did not really understand why we did things a certain way because we had always done them that way.

Besides, it worked … until it didn’t.

Reimagining the Future

I only recently discovered that the phrase Never let a good crisis g...

“It’s really hard to publicly support the board’s decision when I personally disagree with it.”

Yes, that’s a tough one for a well-intentioned board director who cannot support the will of the majority of board members. But is it necessarily a bad thing to vote against a motion?

I’d suggest it’s not. What’s important to the board is reaching consensus. When I refer to consensus, I’m thinking of a description from McKinsey that I read a few years ago. It went something like this:

Consensus...

Following last week’s blog post about conflict of interest, we received some excellent feedback from insightful readers who provided additional points for consideration. In response, we’ve decided to defer the post we had planned and instead produce a follow up.

Last week’s post was written for the director who wants to self-declare a potential conflict of interest. Today’s post will discuss undeclared conflicts of interest and the problems created between board members by a lack of transpare...