With the role of directors and overall board performance to the fore of contemporary corporate governance debates, this book provides much needed guidance on the law, regulation and best practice relating to the structure, operation and performance of boards of directors. Written with the need for practical application in mind, This handbook sets the context with an overview of the legal and regulatory framework, focusing on the relevant sections of companies legislation, and guidance such as the revised Combined Code and other corporate governance guidelines. It then looks in detail at best practice in board composition, structures and relationships, including the role of non-executive directors, relations with shareholders and other stakeholders and board committees. The text also covers business ethics in the post-Enron world and the developing field of corporate social responsibility and offers guidance on the methods that can be introduced to maximize board effectiveness, such as getting the skills mix right, succession planning and independent performance appraisal techniques.
Illustrated with short case studies, checklists and sample wordings, the book should prove a valuable guide for directors and company secretaries striving for best practice in the boardroom.