Corporate governance seems to mean something different to each person. This section describes my definitions.
Does your board compensation reflect board value?
What is the purpose of this article? Enable investors, the board directors, and management to discuss the board’s impact on value creation and related compensation. 95This article is focused on for-profit company boards, not: charities, government entities, or not-for-profit organizations. You can download a PDF of this article from: Does your board compensation reflect board … Continue reading Does your board compensation reflect board value?
Traditional corporate governance dooms your company to failure? V2
Traditional corporate governance dooms your company to failure. V2 What is the purpose of this article? Help shareholders, investors, founders, the board of directors and C-Suite discuss and improve corporate governance. You can download a PDF of this article from: Traditional corporate governance dooms your company to failure. V2 What are the critical learnings in … Continue reading Traditional corporate governance dooms your company to failure? V2
Traditional risk management dooms your company to failure.
What is the purpose of this article? Help shareholders, investors, founders, the board of directors and C-Suite discuss and improve risk management governance. You many download a PDF of this article from: Traditional risk management dooms your company to failure What are the critical learnings in this article? Traditional risk management in many companies does … Continue reading Traditional risk management dooms your company to failure.
What is the purpose of your company?
Purpose of this article This article enables the board of directors and C-Suite to begin the discussion regarding company purpose. You may download a PDF of this article from: https://koorandassociates.files.wordpress.com/2021/03/what-is-the-purpose-of-your-company.pdf What is purpose? Purpose answers the question: Why does the company exist? Without cash paying customers, the company does not exist. One aspect of purpose … Continue reading What is the purpose of your company?
What is corporate governance? V2
What is the purpose of this article? The purpose of this document is to enable founders, CEOs, management, investors, shareholders, board of directors, and advisory boards to create a shared understand of their company’s corporate governance. This article does not provide legal advice. You can download a PDF of this article from: What is … Continue reading What is corporate governance? V2
What is the corporate governance ecosystem?
The governance ecosystem is comprised of: the board, management, shareholders, other stake holders, third parties, and society. All components of the ecosystem interact with all other components. The board and management must understand and plan to manage the ecosystem as it exists today and the future. The assumptions regarding the future governance ecosystem are key … Continue reading What is the corporate governance ecosystem?
What are the decision-making challenges faced by directors? (V2)
Directors face five challenges in making decisions: #1 Have the directors agreed upon which decisions are most critical, and agreed upon the criteria for selecting those decisions? Is the criterion: what has the greatest impact on long-term value creation and preservation? Are the critical decisions: setting the strategy; hiring/terminating CEO; approving CEOs strategic implementation plan; … Continue reading What are the decision-making challenges faced by directors? (V2)
How can the board of directors create value? (V3)
Long-term value growth and preservation demands a competitively differentiated talent driven board and C-suite. Overview Boards are ultimately responsible for the long-term success of their organizations. What is the company’s ecosystem? What is the purpose of the corporation? What is governance? What is the purpose of governance? What is value? What is the board’s decision-making … Continue reading How can the board of directors create value? (V3)
Survey – How do board directors impact long-term corporate value?
This report contains the high-level findings from my survey regarding ” How do board directors impact-long term corporate value?” A PDF with more detailed data is available for download here. (How do board directors impact long-term value?) People I know from three groups (7 CEOs/Presidents, 8 directors, and 10 major investors) responded to my two … Continue reading Survey – How do board directors impact long-term corporate value?
What is public company governance? V2
What is the purpose of this article? Provide a framework which enables public company shareholders, boards of directors, C-Suite, and other to begin discussing what is governance. This article is written from a Canadian perspective. Governance varies significantly around the world. This article does not provide legal advice. You can download a PDF of this … Continue reading What is public company governance? V2
What is different about private equity governance? V2
What is the purpose of this article? Enable shareholders, board of directors, and C-suite to have a discussion regarding what is different about PE (private equity) governance. This article provides general concepts. You need to understand your specific situation. You should consult your lawyers for legal advice. This article does not provide legal advice. You … Continue reading What is different about private equity governance? V2
What is different about family governance? V2
What is the purpose of this article? Enable the family to discuss their overall governance structure, including the purpose of the family and family governance. The article identifies potential components of family governance. This article is focused on what to do, not how to do it. There is no advice on how to structure governance … Continue reading What is different about family governance? V2
What is the value of a for-profit advisory board?
What is the value of a for-profit advisory board? Advisory boards have a major impact on sales and productivity, comparing the three years after an advisory board vs the three years before an advisory board: sales growth of 67% vs 23% and productivity growth of 6% vs 3%.1 What is an advisory board? A group … Continue reading What is the value of a for-profit advisory board?
How to start an advisory board
1 What is the purpose of this document? 2 What is the value of an advisory board? 2.1 What is an advisory board? 2.2 How is an advisory board different from a group of advisors? 2.3 How do you measure advisory board value? 2.4 What are the major benefits of an advisory board, as perceived … Continue reading How to start an advisory board
Survey – What is the role of advisory boards?
Survey – what is the role of advisory boards? I did a survey of people on my LinkedIn network who are on an advisory board or a CEO with an advisory board. This survey was done because I was appointed chair of an advisory board and wanted to learn from others. If you are an … Continue reading Survey – What is the role of advisory boards?
How can the shareholders agreement focus everyone on value? V2
What is the purpose of this article? This article discusses how a shareholders agreement in a private company could help focus everyone on value creation and extraction. I am not providing legal advice. Please consult a lawyer if you need legal advice on creating, reviewing, or updating a shareholders agreement or other legal governance documents. … Continue reading How can the shareholders agreement focus everyone on value? V2
How can founders and investors create a shareholders agreement?
1 Purpose of this document 2 How to read and use this document 3 What is a Founders Agreement? 4 What is a USA (Unanimous Shareholders Agreement)? 4.1 What are the benefits of a USA? 5 How does a USA fit into the overall governance structure? 6 What are the stakeholder expectations? 7 What questions … Continue reading How can founders and investors create a shareholders agreement?
How do you find governance information?
You are in Ontario, Canada and looking for information about governance. Where do you go? The attached document provides a partial list of (mostly) non-profit governance organizations. I exclude most for-profit organizations such as lawyers, accountants, etc. The type of governance I focus on is the board of directors of a corporation and its relationship … Continue reading How do you find governance information?
How do you make strategic decisions?
What is the purpose of this article? Enable founders, C-Suite, the board of directors, and investors to discuss the talent and process required to make strategic decisions. You can download a PDF of this article from: How do you make strategic decisions What are the critical learnings in this article? Make sure you are addressing … Continue reading How do you make strategic decisions?
What are your company’s decision making principles?
What is the purpose of this article? Enable shareholders, the board of directors, C-Suite, and advisory board to discuss your company’s decision making principles. You can download a PDF of this article from: What are your company’s decision making principles What are the critical learnings in this article? Decision making principles enable better decision making, … Continue reading What are your company’s decision making principles?
What is a competitively differentiated board of directors?
What is the purpose of this article? Enable investors, founders, the board of directors, and C-Suite discuss the value of a competitively differentiated board as well as the process for creating and maintaining this differentiation. This article only considers those companies where all decisions are made by the board as a whole. This excludes companies … Continue reading What is a competitively differentiated board of directors?
Koor and Associates 