Behind Closed Doors

‘The Boardroom: How to get in, get on and make a difference’

From his 30 years of serving on boards, Simon Laffin provides a guide on how to get appointed to a board, and what to do, and what to look out for, when you. He covers a wide range of board issues from what financial numbers to look out for, the understanding risk and cash-flow, decision-making, mergers and acquisitions, how to work with colleagues, even to how to handle sexual misdemeanours in the boardroom. He also tackles controversial subjects, such as diversity and excess regulation. The book is full of tips and techniques to help even experienced directors make a difference. Simon argues that what boards need is education and encouragement, to get a better understanding of board issues. He explains that boards do not need more invasive regulation. He wants to open the doors to the boardroom so that insiders understand better what is happening and what they need to do, and outsiders get a clearer view of what happens inside the boardroom.

Notes From A Non-Executive

Topics covered range from what to look at when you are thinking of joining a board, to handling difficult issues that arise, to what to expect if your company gets bid for.

Risks & The Boardroom

This is a plea for boards to take corporate risk registers seriously and suggests ways to enable boards to think about risks in a constructive way.

Corporate Governance

A blog on recent corporate governance changes, lesson that can be learned from failures such as Carillion and Northern Rock, and issues around the audit industry.

Economics

Articles looking at various aspects of economics

Recent Blogs

Someone getting emotional?

Someone getting emotional?

People are only human. Occasionally they fall in love with other people. Ideally, the ‘other person’ works elsewhere, but sometimes the two work together. Many executives will have come across co-workers, who are in a relationship. This knowledge can vary from being a...

Is management telling the whole story?

Is management telling the whole story?

The company was in financial difficulties, as changing market conditions had seriously exposed the misplaced strategy. There was however no suggestion that anything improper had gone on. The external auditors were high quality, and there was a competent internal audit...

Just say ‘No’ – assessing an offer for your company

Just say ‘No’ – assessing an offer for your company

In previous articles, I covered how a board should react to an unsolicited approach or offer for the company, how it would value it, valuing shares versus cash offers, whether it’s friendly, unfriendly or hostile, and irrevocable commitments. Here, I am going to look...

An unsolicited approach: Let battle commence

An unsolicited approach: Let battle commence

My earlier article talked about how a board should respond to an unsolicited approach for the company. This looked at a straight-forward offer that the board has to review and accept or reject. However it’s not always so easy, as much depends on the attitude and...