Topic Overview

The purpose of the advisory role of the board is to help management formulate a winning strategy, the equivalent of a “straight course for the good of the whole”. Strategy is best defined as an integrated and coordinated set of commitments and actions designed to first, develop and then, exploit strategic assets to produce sustainable competitive advantages and long-term shareholder value. The fiduciary role – covered in our September chapter meeting - quantifies long-term shareholder value, thereby serving as a contextual framework for strategy formulation. In sum, the advisory role of governance assures effectiveness - doing the right things.

Guest Speakers

Mark Sirower, Managing Director, Transaction Services Strategy Group, PricewaterhouseCoopers

Claire L. Calandra, President, The CLC Group, LLC