Several unstoppable external forces are transforming nations, industries, and corporations. For legacy companies, these forces are disruptive, if not destructive. Such was the case for Nokia, Blackberry, Kodak, book retailers like Borders and Barnes & Noble, and newspapers - the CEOs of these companies failed miserably, and their boards did not fulfill their fiduciary responsibilities.
Globally, boards are being held accountable through a number of market forces: activist shareholders with aggressive campaigns and large hyper-active institutional investors. They want a peek at the workings of the board and will hold boards accountable for company performance. Boards must assume a leadership role, along with their governance and fiduciary responsibilities.
Says ex-Chairman of GE Jack Welch - "Ram has the rare ability to distill meaningful from meaningless and transfer it in a quiet, effective way without destroying confidences".
"Top class speaker with great knowledge and experience with good mix of participants made for engaging and useful discussion."
Chairman, Blackstone Singapore
"A good illustration of challenges facing boards, especially given the developments in the USA, with the greater role played by activist shareholders. Useful pointers on how boards can transform themselves to be more effective."
Independent Director, SIA Engineering Company Limited
"I found the session enlightening, thought-provoking and engaging. I walked away with several pages of notes as well as several specific follow-ups. The programme, the examples, the discussions and the logistics – all were superb. Based on discussions with other participants, I am not alone in these views."
Nels Radley Friets
Director, Fullerton Fund Management Company Ltd
"This event, moderated by Ram Charan, was attended by an impressive group of Chairmen, Board Directors and CEOs. The insights and deep knowledge displayed by the moderator and participants were remarkable and highly relevant for me as an independent, non-executive Board Director of companies and organisations based in Europe, Asia and the USA. The event also provided an excellent opportunity to build relations and network with such a distinguished group of international business leaders."
Managing Director, Anda Pacific Pte. Ltd.