As 2016 gets underway, have you given any time to making sure your knowledge of boards, board practice and corporate governance is up to date? If not, I'd like to offer a suggestion. One of the more heavily thumbed texts on my bookshelf is Corporate Governance: Principles, Policies, and Practices (2nd ed.), by Bob Tricker. This 550-page volume describes the nature, structures, functions and operating realities of boards and governing bodies; the major aspects of corporate governance; and, corporate governance theories. Other issues that influence board thinking including strategic risk management, corporate social responsibility, ethics and sustainability are also discussed.
Others have contributed much to what we know about corporate governance, boards, what boards do and how they work. Yet Tricker stands apart. Sir Adrian Cadbury once said, "I have always regarded Bob Tricker as the father of corporate governance since his 1984 book introduced me to the words corporate governance." High praise indeed.
Now, a third edition has been published (available here). If the value and practical application of the ideas in the second edition is any measure, the third edition is a 'must read' for all chairmen, directors and company secretaries, everywhere. I commend this seminal contribution to you.
Thoughts on corporate governance, strategy and boardcraft; our place in the world; and other topics that catch my attention.