• For your more robust personal protection
    Issue: 2008 Fourth Quarter
    By Priya Cherian Huskins
    42 directors & boards Director LiabiLity D irectors and officers of corpo- rations face the risk of personal li- ability for actions performed and decisions made on behalf of the corporation. Perhaps unknowingly, many directors and officers unnecessarily accept an enhanced risk of personal liabi...
  • What is a personal indemnification agreement?
    Issue: 2008 Fourth Quarter
    By Priya Cherian Huskins
    44 directors & boards Director LiabiLity policies change over time, sometimes for the worse. By contrast, personal indemnification agreements are not renegotiated annually, and corporations cannot amend these agreements to the detriment of directors or officers without their consent. Also consid...
  • 'That's not the real story'
    Issue: 2008 Fourth Quarter
    By Marilyn Carson Nelson
    Leadership 46 directors & boards ‘That’s not the real story’ From How We Lead Matters: Reflections on a Life of Leader- ship by Marilyn Carson Nelson with Deborah Cundy. Copyright 2008 by Marilyn Carson Nelson. Published by McGraw-Hill (www.mhprofessional.com). W omen MBA students are hungry to ...
  • He was the CEO, so everyone laughed
    Issue: 2008 Fourth Quarter
    By David Bertlett
    Leadership 46 directors & boards ‘That’s not the real story’ From How We Lead Matters: Reflections on a Life of Leader- ship by Marilyn Carson Nelson with Deborah Cundy. Copyright 2008 by Marilyn Carson Nelson. Published by McGraw-Hill (www.mhprofessional.com). W omen MBA students are hungry to ...
  • How EMC's CEO quashed the 'pocket veto'
    Issue: 2008 Fourth Quarter
    By Bryn Zeckhauser
    Leadership Fourth quarter 2008 47 new animal park in Florida. This park featured lots of live animals, and it quickly became the subject of a raging contro- versy that pitted the company against animal rights activists. “Today” was broadcasting live from the new animal park on opening day. It was st...
  • GE's secret weapon
    Issue: 2008 Fourth Quarter
    By Geoff Colvin
    Leadership 48 directors & boards a spoken commitment — “Yes, I’ll go along with it” — effec- tively quashed the pocket veto. Bryn Zeckhauser is a senior fellow at Harvard University’s Mossavar- Rahmani Center for Business and Government. Aaron Sandoski is managing director of Norwich Ventures, a...
  • A moment that changed a career
    Issue: 2008 Fourth Quarter
    By Stewart D. Friedman
    Leadership 48 directors & boards a spoken commitment — “Yes, I’ll go along with it” — effec- tively quashed the pocket veto. Bryn Zeckhauser is a senior fellow at Harvard University’s Mossavar- Rahmani Center for Business and Government. Aaron Sandoski is managing director of Norwich Ventures, a...
  • Joining the board of a PE-backed company
    Issue: 2008 Fourth Quarter
    By Todd Monti
    fourth Quarter 2008 49 Heidrick & StruggleS governance letter F or independent directors, s e r v i c e o n t h e b o a r d o f a company backed by a private equity (PE) firm offers expo- sure to unique professional, and potentially financially rewarding, opportunities. The attractions of such s...
  • Directors Roster
    Issue: 2008 Fourth Quarter
    52 directors & boards Directors & BoarDs’ Directors roster SponSored by Directors Roster A quarterly record of new director appointments american i nternational Group inc. New York, NY has added to its board: Nora JohnsonChair, Global Agenda Council on Systemic Financial Risk World Economic ...
  • Principles of Corporate Governance
    Issue: 2008 Fourth Quarter
    I n its 2004 .Principles of Corporate Governance , . the . international . Or- ganization . for .Economic . Cooper - ation . and .Development . (OECD) . describes . corporate . governance . as .“a . set . of .relationships . between .a .company’s . management, .its . board, .its . shareholders . and...