Topic Overview

The overseer role of the board assures a smooth operation by focusing on efficiency – doing things right. As overseer, the board holds management accountable for developing and utilizing a method - or system - to efficiently implement strategy and actually achieve the end goal of long-term shareholder value. The key to success here is a masterful understanding of both entity and procedural interdependencies - the anatomy and biology of business. When used effectively, this system of interdependencies maximizes:

• Integration
• Coordination
• Adaptability

The greater the supply of adaptability, the greater the firm’s ability to respond to the demand for change caused by external forces beyond its control. Enabled by the principle of supply and demand and systems theory, the overseer role of the board assures that management adapts and adjusts to "maintain a smooth operation" and stay on a straight course leading to long-term shareholder value.

"The key to success here is a masterful understanding of both entity and procedural interdependencies - the anatomy and biology of business."

Guest Speakers

Robert A. Keiser Sr., Director of Executive Education, Wesley J. Howe School of Technology Management at Stevens Institute of Technology