Corporate Governance

Corporate governance seems to mean something different to each person.  This section describes my definitions.

Traditional corporate governance dooms companies to failure

What is the purpose of this article? Help shareholders, investors, founders, the board of directors and C-Suite discuss and improve corporate governance. You may download a PDF of this article from:  Traditional corporate governance dooms companies to failure What are the critical learnings in this article? Many definitions of governance: Focus on legal requirements and … Continue reading Traditional corporate governance dooms companies to failure

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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.

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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?

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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)

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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)

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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?

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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

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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

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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

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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?

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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?

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