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SSA Executive Search Int’l Ltd April 18, 2007 The Board Institute, Inc. www.theboardinstitute.com www.theboardinstitute.com OAK/SSA Executive Search Int’l, Ltd. www.ssaexec.com “BOARDS OF DIRECTORS and the CFO” Presented by: Susan F. Shultz INLAND EMPIRE CHAPTER
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SSA Executive Search Int’l Ltd New Mandates for Evaluation and Education Class Action Lawsuits Increased D&O Insurance and Compliance Costs Shareholder Activism and Lack of Trust Compensation Excesses NYSE: “The board should conduct a self- evaluation at least annually to determine whether it and its committees are functioning effectively”
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SSA Executive Search Int’l Ltd Better Boards = Better Companies
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SSA Executive Search Int’l Ltd We have a rare opportunity to make a difference – to transform boards from being the problem into the solution. We have the best governance system in the world.
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SSA Executive Search Int’l Ltd Why the focus on CFOs ■ Heightened Risk/Market Abuses ■ Regulation ■Certifications ■Compensation Revelations ■ Shareholder Activism ■ Linkage between Good Boards and Successful Companies
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SSA Executive Search Int’l Ltd We must not confuse governance with compliance
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SSA Executive Search Int’l Ltd The only person who won’t serve is the one you don’t ask!
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SSA Executive Search Int’l Ltd ■ Assessment/Accountability ■ Skyrocketing Costs ■ Changing Role of Auditor ■ Extreme Pay ■ Small/Private Business ■ Non Profits New CFO Challenges
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SSA Executive Search Int’l Ltd “Too many boards reward mediocrity and failure” $
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SSA Executive Search Int’l Ltd
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How do you know if you have a good board? You measure it.* *The Audit Committee Index The Board Institute/FERF
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SSA Executive Search Int’l Ltd The dramatic untold stories are the companies that have avoided crises and succeeded, because of the advice and counsel of strategic boards of directors.
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SSA Executive Search Int’l Ltd IF WE DON’T GOVERN WELL, THE GOVERNMENT WILL DO IT FOR US.
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SSA Executive Search Int’l Ltd Better Boards = Better Companies A Rare Opportunity
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SSA Executive Search Int’l Ltd Susan F. Shultz The Board Institute, Inc. SSA Executive Search Int’l, Ltd. 480-998-1744 www.theboardinstitute.com www.ssaexec.com sshultz@ssaexec.com sshultz@theboardinstitute.com For copies of The Board Book (AMACOM) www.ssaexec.com
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