"So... You Want To Be On The Board Of Directors... Huh?"
This manuscript chronicles the author Michael Warner’s, 50 years of uninterrupted service on Boards of Directors ranging from startups, manufacturing, processing, emerging new technology, import, export and a leading regional healthcare consortium providing multidisciplinary medical care, community health services, and pioneering medical research. At the time of his service, these companies and organizations totaled over $2 Billion in sales and $2 Billion in assets, which currently are double those amounts and are national leaders in their industries. He has experience in both success and failure, and brings great insights into the mistakes and wins of businesses as driven by the board of directors. This volume addresses the six (6) exclusive responsibilities of a board of directors, which include the following:
1. HIRE- hire top management
2. DEVELOP- work with management to develop a business plan for the company
3. CAPITALIZE- provide capital to fund the business plan
4. MEASURE- develop the means of measuring success
5. INCENTIVIZE- provide effective incentives for top management to execute a successful plan
6. GOVERN- establish key company policies required by the legal fiduciary responsibilities or are key elements in successful execution of the business plan