Reinventing Your Board: A Step-by-Step Guide to Implementing Policy Governance, Revised Edition

Policies vii

Figures and Exhibits xi

Preface to the Revised Edition xiii

Preface xvii

Acknowledgments xxi

The Authors xxiii

Part One: Preparing for Change

1. Setting the Stage: Are You Sure You’re Ready for This? 3

2. The Theoretical Foundation: The Practicality of Sound Theory 17

3. Deciding to Implement Policy Governance: Looking Before You Leap 37

Part Two: Crafting Policies

4. Executive Limitations Policies: Optimizing Empowerment by Setting Limits 65

5. Governance Process Policies: Defining the Board’s Job 103

6. Board-Management Delegation Policies: Linking Governance to the CEO 133

7. Ends Policies: The Real Bottom Line 151

Part Three: Ready, Steady, Go

8. Monitoring Organizational Performance: Getting the Right Information About the Right Things 179

9. The Board’s Documents: Preserving the Board’s Decisions 199

10. Implementation and Beyond: Concrete Steps Mirror Conceptual Integrity 219

Resources

A. A Sample Board Policy Manual 233

B. Sample Ends Policies 257

C. Sample Monitoring Reports 269

D. Selected Readings 295

Index 297