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The ugly truth about board relations: SOX isn't the biggest problem, it's the interpersonal relationships. Here is a way to move your board from dysfunctional to optimal.(COMMUNITY BANK MANAGEMENT)
From:
ABA Banking Journal
| Date:
February 1, 2008| Author:
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COPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Although he was wearing a forced smile, the bank's CEO left the board meeting with a number of negative emotions running through his head: anger, disgust, and most of all, frustration. More than anything, he wondered how he could ever get through to the #*@x*! board on the really important issues....
[ILLUSTRATION OMITTED]
Sound familiar?
Despite all that has transpired regarding boards of directors and executive management teams since Enron and WorldCom and Sarbanes-Oxley came to pass, the primary preoccupation by executive management and board members continues to ...
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