Current Issue - Fourth Quarter 2006

30th Anniversary Issue

Letter from the Publisher Enduring Principles

Editor’s Note A Bit of History, a Lot of Advice

Directors & Boards at 30: An Illustrated History
The journal was founded during a tumultuous period for corporate governance and three decades later is still documenting turbulent times in boardrooms. A timeline of milestones and touchstones along the way. By James Kristie

That Was Then … This Is Now
What progress has been made in corporate governance over the past 30 years? Several Directors & Boards authors revisit their articles and provide some answers.

Roderick Hills: Improvement, yes, but dangers lurk
Bill George: Are boards more effective today? Yes, but …
Bill Miller: The ‘holy grail’ of shareholder democracy
Jude Rich: The still-unruly world of executive pay
Martin Sosnoff: Laws changed, but who needs the grief?
Randy Thurman: ‘Infinitely greater independence’
Douglas Ann Newsom: The first woman on the board
Steve Cooper: No respite from the timeless traps
Ann McLaughlin Korologos: What it’s still all about

Your Tip Sheet for Board Success
What does it take to be a strong director? Directors & Boards authors have had plenty of advice that they’ve shared in these pages over the years. Here is some of their wisdom of the ages on …

Auditing the books
Adding value to the board
Running a meeting
Compensating management
Recruiting directors
Evaluating the CEO
Handling succession
Doing M&A
Managing crises
Having good CEO-board relations
Living a good life

The Best Advice I Ever Gave a Board
Following on the choice counsel offered by past authors, a few just-surveyed directors and board advisers offer up their tried-and-true tips for success.

Sayings of Chairman Milt
The publisher who led Directors & Boards into the activist and M&A-fueled decade of the 1980s always pointed leaders in the right direction.

Board Chairmen I Have Known
… and what I have learned from them. By David Finn

The Management Style of Ronald Reagan
There is much to learn from this unusually gifted chief executive. Here are my 10 lessons. By Murray Weidenbaum

The Next 30
That was then … now, what’s ahead? A lineup of accomplished governance players gamely forecasts important challenges and opportunities that await boards in the years to come.

Timeline: The Evolution of Corporate Governance, cont.
First published in 1997, a timeline of the development of governance from the early years of the 20th century is extended to record important happenings, trends, and iconic moments in the current era. By James Kristie

Directors to Watch
Emerging voices of board leadership. Edited by Scott Chase

Heidrick & Struggles Governance Letter
The board as a team: Directors arrive alone and leave alone, yet somehow need to make a great deal happen when they are together. To elevate performance, teamwork is essential. By Rich Rosen and Theodore L. Dysart

Directors Roster
From June to August 2006: Tracking of 116 companies adding 130 new board members.

Endnote: 30 One-Liners
Wisdom of the ages … in a nutshell.

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