tailieunhanh - Lead Directors: A study of their growing influence and importance

A closely related and key issue is succession planning. The board must make sure that the organization is prepared to keep operating when key staff members leave or are away for extended periods and has a list of potential successors to the Executive Director. The Executive Director’s job description should include identifying, developing and training internal prospects for key responsibilities. In organizations that have too few employees to provide backup and succession the board should work with staff to develop lists of essential responsibilities and plans for handling them in the event of terminations and absences. Procedures should be established. | Lead Directors A study of their growing influence and importance Table of contents The heart of the matter 2 Lead director s challenge Helping pilot the company through choppy seas The effective lead director 4 Bill Baxley Mike Egan and Jeff Stein King Spalding LLP An in-depth discussion 8 Dealing with a crisis Advising directors in a time of crisis 11 H. Rodgin Cohen Joseph B. Frumkin and Glen T. Schleyer Sullivan Cromwell LLP What this means for your business 14 Growing role of the lead director The secrets of lead director success 16 John F. Olson Gibson Dunn Crutcher LLP Thinking about risk management-reflections for lead directors 19 Brian G. Cartwright Alexander F. Cohen and Andrew . Ting Latham Watkins LLP The survey results 21 Methodology 44 April .