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Creating Effective Boards for Private Enterprises: Meeting the
Challenges of Continuity and Competition
by John L. Ward
Hardcover - 261 pages 1st Ed. edition (August 1991)
Business Owner Resources; ISBN: 1555423523
Book Description
The most complete handbook on boards for small to midsize private
and family businesses, this bbook shows how to build a dynamic board
of directors that can enhance the owner's ability to run the business.
John L. Ward shows why private firms, facing increasing competitive
challenges, need the in-depth expertise and objective feedback that
a well-chosen board can provide, and demonstrates how owners and
directors can work together to ensure a long and profitable life
for the firm. Ward provides owners and directors with step-by-step
guidelines for developing and managing a board- from writing the
initial prospectus, through conducting lively meetings, to maintaining
open, honest communication between owners, directors, spouses and
family members, and other stakeholders in the firm. He shows how
to:
- Find and attract the right directors- experienced business
people who can contribute the exact knowledge and expertise the
company needs to thrive and grow;
- Compensate directors appropriately and protect them from legal
liability;
- Foster creative thinking about promising new directions for
the company, such as new products, services, or markets; and
- Draw upon board expertise to improve the qualit and creativity
of decision making about a wide range of issues, such as how to
find sources of capital, develop the next generation of leadership,
or recruit new talent.
Ward illustrates this practical guide with extensive case examples
from a wide of small to midsize businesses, including food service,
printing, and chemical companies. He also offers sample board prospectuses,
company mission statements, effective meeting agendas, and other
essential tools for bringing the board together and encouraging
its active participation in the business.
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