board of directors

Empty board room

Are boards of directors focused on strategy?

by Jamie Flinchbaugh on 07-11-17

Theoretically, each higher-level of management should be increasingly long-term focused. That certainly includes the role of the board, who with their role on shareholder value and governance, must ensure that the short-term doesn’t crowd out the long-term. CGMA summarized two surveys assessing boards and the barriers to strategic oversight. Their

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Solving (or embracing?) conflicts of interest

by Jamie Flinchbaugh on 08-15-16

I’ve had to resolve many conflicts of interest over the years. I’ve always felt uneasy about them, and often went to extremes just to avoid the impression of a conflict of interest. Then someone said something to me that really got me thinking: “If you don’t have any conflicts of

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Gemba Academy podcast: Getting the Board on Board with Lean with Jamie Flinchbaugh

by Jamie Flinchbaugh on 11-30-15

While attending the Summit on Lean Leadership by Lean Frontiers in partnership with the Lean Leadership Academy, I was leading a discussion on the lean board of directors. Coming out of the conference, I will produce a paper outlining some of the key thoughts. We discussed 3 aspects of the

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Does innovation belong in the scope of a board of directors?

by Jamie Flinchbaugh on 06-15-14

Boards of directors are usually associated with governance issues such as risk management and financial controls. They of course have a major role in strategic direction, either in establishing it, approving, or hiring the right executives who will establish the strategic vision. But does that extend all the way into

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Reflections on 5 years of board service

by Jamie Flinchbaugh on 12-10-13

I’ve written about lean in the boardroom, and plan to write much more on the topic. I recently resigned my post at the Board of Directors of a privately-held company during its turnaround. Upon my planned departure, I wanted to share some of my reflections on this experience, as each

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Did King's Dream include diversity in the boardroom?

by Jamie Flinchbaugh on 08-28-13

Today marks the 50th anniversary of Martin Luther King Jr.’s I Have a Dream speech, one of the most significant and impactful speeches in American history. There is no question that in 50 years, tremendous progress has been made, and yet not nearly enough. But has this dream come true

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What's the proper election rotation of board members, annual or classes?

by Jamie Flinchbaugh on 11-01-11

Bad boards have been in the news lately. The ongoing debacles at HP and Yahoo seem almost comical, to the point that you can literally imagine clowns running around in the board room. Of course, the easy thing for many people to assume is that they are just made up

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The relationship between the CEO and the Board of Directors

by Jamie Flinchbaugh on 09-15-10

Recently a lot has been made of the relationship between a CEO and their board of directors. Mark Hurd recently ousted by the HP board is a case in point. This had nothing to do with performance, and everything to do with the relationship, communication, and trust. Last week I

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Valid or reliable – in the board room

by Jamie Flinchbaugh on 07-30-10

In my last post on the theme of looking at metrics as either valid or reliable and the balance between them, I wanted to examine the impact on decisions in the board room. So far we have covered the following: Valid or reliable – take your pick Valid or reliable

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Setting Board Priorities

by Jamie Flinchbaugh on 07-06-10

GE’s Board of Directors from a couple of years ago. What should boards of directors be focused on? Strategy? People? Competition? There might be several choices that could receive votes that you could feel comfortable about. Would you feel comfortable knowing that the board’s top priority is keeping up with

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