Something went wrong. June 2, 2020 – Board directors and executives can pool their wisdom to help companies grapple with the challenge of a lifetime. McKinsey Quarterly. Our board of directors includes top corporate, education, and community leaders who have demonstrated a deep investment in improving the lives of the most underserved students in metro Atlanta. John Brock, Chair Retired CEO, Coca-Cola European Partners. Consider, for example, how the CFO of a natural-resources company helped the board understand its returns relative to peers. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Interview How the CFO enables the board’s success—during COVID-19 and beyond Many directors are feeling outmatched by the ferocity of changing technology, emerging risks, and new competitors. He also served on the firm’s Operating Committee. MAINBOARD-LISTED Singtel has brought McKinsey's former managing director on board its board. Board directors can serve as thought partners to the management team in developing a purpose narrative and embedding it in the organization. Before joining McKinsey, Steve spent five years in several financial roles in the United States, ... She is also chair of the board of directors of Hargreaves Lansdown plc, the senior independent director of Tesco plc and a member of the board of directors of Whitbread plc. of difficult decisions, and a scout for the future. Press enter to select and open the results on a new page. This is probably the area where boards can add the most value in guiding their organizations through the crisis. The big questions for many organizations will then be, “How will my industry and my ecosystem be reshaped by this crisis, and what strategies should our organization pursue to emerge as a leader?”. Dominic Barton, 56, became an independent director on Monday, the telco disclosed in a bourse filing. In addition, a recent McKinsey report identifies five specific actions that boards may take to embed a sense of purpose in their corporations: (1) build an authentic purpose narrative with management, engaging stakeholders proactively, (2) own purpose in board practices, including board composition and agenda, (3) assess purpose commitments to ensure goals are defined and clear, and … We recommend four essential changes. Article Member of the Board of Directors QuEST Global Services Pte. McKinsey & Company 2 Agenda 01 Covid-19 the situation and possible scenarios 04 How is the private sector reacting to the crisis? Having joined that board meeting, the CFO was better able to follow up in subsequent board meetings by adding several analyses to his reports to the board. Bill Huyett is a director in McKinsey’s Boston office, and Rodney Zemmel is a director in the New York office. Commentary Previously - Advanced Micro Devices (AMD) 2012-2019. Many years of operational experience in industry as well as the financial sector, among other things as Managing Director of Folksam. Seven members are Non-Executive Directors nominated by Glanbia Co-operative Society Limited. These conversations have inspired this summary of practical highlights and, perhaps somewhat provocatively, three recommendations for chairs and their boards to consider. Chairman of the Board of Kaunis Holding, NMI Group, Hedlunda Industri AB and Ekhaga AB. Digital upends old models. We use cookies essential for this site to function well. It works by applying McKinsey’s capabilities and by partnering with leaders from the private-, public- and social-sectors. A board of directors is a group of people who jointly supervise the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency.. also instill the right mind-set and boardroom dynamics. He is a member of the Choate Rosemary Hall School Parent Council in the US since 2013 and was a member of the Development Board of Chinese International School from 2006-2015. Here’s a framework for those conversations. Please try again later. Please try again later. What should be the organization’s strategic posture for the postcrisis world, and how can we encourage the management team to align all decisions with that broad direction of travel. If a promising candidate can’t commit to a directorship or doesn’t meet all the board’s requirements, an advisory role can still provide the board with valuable access to specialized expertise. structures. From 2013 to 2016, Cathy was a member of the board of directors of Fairchild Semiconductor International, and from 1989 to 2002 and 2004 to 2016 she was a member of the board of directors … Deanna holds a BA from the University of Puget Sound. Directors should familiarise themselves with the emerging practices that companies can adopt to embed purpose and drive performance. Learn more about cookies, Opens in new Board directors today are more confident in their knowledge of the companies they serve and more strategic in their approach than they were in 2011, according to the latest McKinsey global survey on governance. value. Flip the odds. McKinsey & Company 3 COVID-19 has been expanding exponentially with devastating … Scarica l'articolo in formato PDF; STORY HIGHLIGHTS. But we see many boards heading in the opposite direction, requesting weekly updates—even though some chairs find these meetings of limited value. McKinsey Apologizes For Helping Purdue Pharma 'Turbocharge' Opioid Sales The corporate consulting giant issued a rare apology for its behind-the-scenes work with Purdue Pharma, maker of … Never miss an insight. Purpose can become a guiding lens for board engage­ment on strategy, investments, risk and performance management, HR and culture, governance, and external reporting (see sidebar, “Applying a purpose lens to a board’s engagement with … The impact can be striking. He spent his early career at Bowater, moving to McKinsey & Company in 1979. Yet directors still want to increase time spent on strategy (Exhibit 1). Before joining American Express, Rudy was a partner at McKinsey & Company. The Canada resident, who sits on the Economic Development Board's International Advisory Council, is also chancellor of the University of Waterloo and chairman of Toronto-listed miner Teck Resources. Few boards of directors had a playbook for managing the crisis we face today. Instead, a board should urge management to develop a strategic crisis-action plan that would guide the organization’s response across all relevant time horizons and simply request the same standard reports on the up-to-date scenarios and actions that management reviews. Deborah Kerr was appointed to the board in November 2017. The priority objectives of the Board of Directors, the strategic body of LVMH, are to increase the value of the company and defend its social interest. People create and sustain change. Martin Hirt is a senior partner in McKinsey’s Greater China office, Celia Huber is a senior partner in the Silicon Valley office, Frithjof Lund is a senior partner in the Oslo office, and Nina Spielmann is a senior expert in the Zurich office. advisory committee reviewing its proposed reformulation of OxyContin to make it less prone to abuse. Thomas Seitz is a Senior Partner of McKinsey & Company in Houston. Deborah Kerr is a product and technology executive that serves as an advisor, director and consultant to private and public companies. 1 Martin Hirt, Celia Huber, Frithjof Lund, and Nina Spielmann, “ Boards in the time of coronavirus ,” April 2020. Management can then start to pursue that direction when it emerges from the tunnel of the crisis, once uncertainty diminishes and the next normal becomes clearer. Michael led the Americas Region, the New York and New Jersey offices, the North American Corporate Finance and Strategy practice and the European Telecoms practice. Based on conversations with leading chairs around the world, we recently outlined reflections on how boards can add the most value to their organizations in a major crisis, such as the current coronavirus crisis. Other than the CEO, the board is the most visible face of a company, ... McKinsey & Company found companies with strong gender diversity among their executives were 21 percent more likely to outperform on profitability compared with peers. Mr. They can help board directors understand the areas they should watch to reveal the company’s potential advantages or weak spots. Ms. McKinsey’s recent board survey shows that strategy is, on average, the area boards give most of their attention. Our mission. rate their boards as effective at most tasks or report good feedback or training practices. We use cookies essential for this site to function well. Lisa Aman, Treasurer Founder and COO, CareSix. This big-picture work will help management develop an organization’s posture and broad direction of travel—the vision of the future and the big thematic ideas that will guide its strategic response. For most, though, these interactions divert precious management time that should be spent on handling the crisis and planning ahead. She started her career at McKinsey and has held executive positions at Medco Health Solutions (formerly known as Merck-Medco), Nabisco, and Whirlpool. Martin Hirt, Celia Huber, Frithjof Lund, and Nina Spielmann, “Boards in the time of coronavirus,” April 2020. He was Managing Partner of McKinsey’s practice in the UK and Ireland from 1996 to 2003. Few boards of directors had a playbook for managing the crisis we face today. Press enter to select and open the results on a new page. During his time with McKinsey, Myrholt also served as Chairman of the Directors Committee and as a long-term board member of the McKinsey Shareholder Council, while his career in consulting has seen Myrholt advise clients across 25 countries, with a focus on CEOs and senior executives operating in the global energy & materials and public sectors. 03 02 How might the crisis impact the global economy? Directors say they dedicate more time now to their board duties than ever before and that, since 2011, they’ve cut in half the gap between the actual and ideal amount of time they spend on board work. Board of Directors. McKinsey & Company 2 Agenda 01 Covid-19 the situation and possible scenarios We'll email you when new articles are published on this topic. Boards have a special responsibility to guide their organizations safely through this period of unprecedented uncertainty. CVS and Anthem have been among McKinsey's biggest clients. It works by applying McKinsey’s capabilities and by partnering with leaders from the private-, public- and social-sectors. our use of cookies, and 2. But in a new survey, few respondents rate their boards as effective at … Ms. Killefer served as a Senior Partner at McKinsey & Company, an international management consulting firm, from 1992 until her retirement in August 2013. From 1998 to 2003, Rudy served as Senior Vice President and General Manager of the American Express Global Brokerage and Banking division. Martin Hirt, Celia Huber, Frithjof Lund, and Nina Spielmann, “, See Yuval Atsmon, Chris Bradley, Martin Hirt, Mihir Mysore, Nicholas Northcote, Sven Smit, and Robert Uhlaner, “. Missy Babcock Global Director of Internal, Board and CEO Communications at McKinsey & Company Atlanta, Georgia 500+ connections MGI is led by three McKinsey & Company senior partners: Jonathan Woetzel, James Manyika, and Sven Smit, who also serve as co-chairs of MGI. Now, even fewer have a clear perspective on when and how their organizations will emerge from the tunnel the coronavirus pandemic has forced them to enter. Strategy definition is the job of the management team, but the board can provide a clear and compelling frame to help accelerate the process. Now, even fewer have a clear perspective on when and how their organizations will emerge from the tunnel the coronavirus pandemic has forced them to enter. He was also the Managing Partner of McKinsey’s Abu Dhabi practice. Here are four ways to get boards in the game. Roger serves on the board of Cadence Design Systems and Dolby Laboratories and his experience also includes serving on the Board of Directors for several Silicon Valley companies such as Marketo, Postini, Macromedia, Infogroup, Active Software, ArcSight and IronPlanet. Ltd. Our collection of McKinsey insights to help CEOs and directors improve board effectiveness. Please click "Accept" to help us improve its usefulness with additional cookies. Use minimal essential Reinvent your business. Michael Silber. There are alternatives, though. Prior to this role, Rudy was the Senior Vice President of Strategy and Business Development. Board of Directors. Please use UP and DOWN arrow keys to review autocomplete results. MAINBOARD-LISTED Singtel has brought McKinsey's former managing director on board its board. The light at its end is very dim. How can we stay current on the management team’s crisis response without taxing executives’ already-packed agendas? Read More. cookies. McKinsey & Company, Elected Director (senior partner) of McKinsey & Company; 2012-February 2016 McKinsey & Company, China, Sector leader, Asia Health Services and Systems; As of March 2016 Senior External Advisor to McKinsey & Company; Other Activities / Memberships. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Most transformations fail. The bars in the chart represent the change in percentage points in skill prevalence from pre-2000 to post-2011 director appointees. Most transformations fail. Michael led the Americas Region, the New York and New Jersey offices, the North American Corporate Finance and Strategy practice and the European Telecoms practice. According to the Company's Articles of Association the Board of Directors shall be comprised of at least three (3) and at most eight (8) members, not including deputies. For example, many boards have directors with experience in serving in government or regulatory agencies. Something went wrong. The MIO Board guides MIO’s investment strategy, process, and the types of products offered. Ltd. 2 He is the Director of Repton School in Hong Kong overseeing the development in the Greater China and Asia region. How are governments reacting to the economic impacts? Former, among other things, Chairman of the Board of Swedbank and KF. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. -, Article The decisions you make in the next few days on how you work with, support, and stretch your management team will likely make a big difference to your answer. Phillia Wibowo. While management teams focus on immediate survival or planning for the reconstruction phase, board directors should leverage their experience, professional networks, and industry understanding to outline how their organizations’ future vision, strategy, and corresponding operating model may need to change in the postpandemic era. Association of Executive Search and Leadership Consultants (AESC) today announces the appointment of independent director Stefan Spang, Senior Partner at McKinsey & Company.The AESC Global Board of Directors consists of elected representatives from each of AESC’s three Regional Councils: Americas; Asia Pacific and Middle East; Europe and Africa. Download our collection of McKinsey insights focusing on boards of directors. Prior to the acquisition of Bemis Company, Inc. by Amcor Ltd in 2019, Mr Sutcliffe was a director of Amcor … Your CEO and the management team are under huge pressure to handle the rapidly evolving and potentially escalating issues the crisis is throwing at them. Please use UP and DOWN arrow keys to review autocomplete results. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Now, even fewer have a clear perspective on when and how their organizations will emerge from the tunnel the coronavirus pandemic has forced them to enter. Nancy Killefer has served as a member of our board of directors since March 2020. She is also a member of the boards of directors of Cirrus Logic Inc., IPG Photonics, and Lam Research. Led McKinsey’s global Purchasing and Supply Management Practice and McKinsey’s work on Sourcing Innovation. He also served on the firm’s Operating Committee. 05 Q&A with panelist. When you look back at this crisis in a few years’ time, what will you wish you had done as a board member? During his time with McKinsey, Myrholt also served as Chairman of the Directors Committee and as a long-term board member of the McKinsey Shareholder Council, while his career in consulting has seen Myrholt advise clients across 25 countries, with a focus on CEOs and senior executives operating in the global energy & materials and public sectors. tab. Khosro also developed McKinsey’s India Centre of Competence (new capability platform), which was subsequently rolled out to other regions. Board Positions: Currently - Chairman of GlobalFoundries, Director of TM Mining Ventures (MATSA), Chairman of Sociedad Minera de Santander (Minesa) and board member of Emirates Global Aluminium (EGA). McKinsey.org is a 501(c)(3) private operating foundation. What management needs most from the board right now is a strong mandate to handle short-term actions and directors’ support as it makes difficult decisions. 1 Prior to this role he was leading McKinsey's special initiative on Globalization "McKinsey Asia Center" and was Director of the Asia Pacific Organisation Practice and the new C4 Platform operations. He has been a member of the Focus board of directors since its formation in 2015. self-reported performance, suggesting that value can flow from improving the way boards work. ever more collaboration between CEOs and CFOs. collaboration with select social media and trusted analytics partners Thomas Seitz Chair of the Board and Chair of the Governance Committee Senior Partner McKinsey & Company. Our flagship business publication has been defining and informing the senior-management agenda since 1964. What specific activities can board directors take on to augment management capacity? He is part of the McKinsey Global Services leadership team and on Board of the McKinsey Knowledge Center. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe, Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights. In the newest McKinsey Global Survey on corporate boards, 1 the results confirm that strategy is, on average, the main focus of many boards. During his tenure at McKinsey, Michael served on its Board of Directors for 12 years. This begins with a company’s board of directors. cookies, how boards can add the most value to their organizations in a major crisis, Getting ahead of the next stage of the coronavirus crisis. Directors say they dedicate more time now to their board duties than ever before and that, since 2011, they’ve cut in half the gap between the actual and ideal amount of time they spend on board work. Mr. Pew served on the Board of Managers for two private exploration and production companies, Common Resources II, LLC from 2010 to 2012, and later, Common Resources III, LLC from 2012 to 2016. Uncertainty is high for most sectors and businesses, with boards and management teams struggling to find solid ground, which makes it all the more vital that boards are deliberate about where they focus their attention. The MIO Board governs and oversees how MIO operates on behalf of its investors. Those included an overview of the company’s organic growth relevant to its markets, some pre- and post-acquisition data on some of its businesses, and highlights of the company’s strengths and weaknesses with respect to organic growth. leader of McKinsey Board Services, Oslo Frithjof_Lund@McKinsey.com Martin Hirt Senior partner, global convener of McKinsey’s Strategy & Corporate Finance Practice, Greater China Martin_Hirt@McKinsey.com Nina Spielmann Practice manager, McKinsey Board Services, Zurich Nina_Spielmann@McKinsey.com Siboni also served on the board of Mandiant Corporation, a key innovator in the area of IT security. From September 2010 to March 2018, Ms. Beck served as the Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. (“NCLH”) and served in a consulting role for NCLH from March 2018 to December 2019. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. This is one area in which a board can provide valuable assistance. Learn more about cookies, Opens in new There are currently five other Independent Non-Executive Directors and two Executive Directors. Any use of this material without specific permission of McKinsey & Company is strictly prohibited March 26, 2020 DOCUMENT INTENDED TO PROVIDE INSIGHT AND BEST PRACTICES RATHER THAN SPECIFIC CLIENT ADVICE COVID-19: GCC Board of Directors Institute webinar. McKinsey & Company, Elected Director (senior partner) of McKinsey & Company; 2012-February 2016 McKinsey & Company, China, Sector leader, Asia Health Services and Systems; As of March 2016 Senior External Advisor to McKinsey & Company; Other Activities / Memberships. She spent earlier periods of her career at McKinsey as a client-serving partner and as chief-of-staff to the Global Managing Director. Mr Sutcliffe is a former member of the Advisory Board of Veolia Environmental Services Australia Pty Ltd and a former Director of the Australian Rugby League Commission Limited and Amcor Ltd. Noel Wallace. A process has commenced to appoint a sixth Independent Non-Executive Director. Claims Stephen Murray, the president and CEO of CCMP Capital, a major private equity firm: “The whole activist industry exists becaus… Ms. Killefer served as a Senior Partner at McKinsey & Company, an international management consulting firm, from 1992 until her retirement in August 2013. Specifically, boards could take on the task of interacting with shareholders, governments, regulators, debt holders, employees, or major customers. Mr. Pew also served on the Board of Directors for Southwestern Energy Company, a public exploration and production company in Houston, until May 2018. Nancy Killefer has served as a member of our board of directors since March 2020. 1 They say a greater portion of their boards’ time is now spent on strategy, while they are spending less time than before on M&A. Company profile page for McKinsey & Co Inc including stock price, company news, press releases, executives, board members, and contact information A mere 34 percent of the 772 directors surveyed by McKinsey in the spring of 2013 agreed that the boards on which they served fully comprehended their companies’ strategies. Previously, Kerr served on the boards of DH Corporation and Mitchell. Digital upends old models. At the Extra General Meeting on Dec 15, 2020 the following seven (7) members were elected for the period to the end of the next Annual General Meeting: Peter Blom. People create and sustain change. 1. Board of Directors. The Glanbia Board is comprised of 15 members. Press officers for the two companies said they had never received rebates from Purdue for customers who had overdosed on OxyContin. Jon Garcia. Read more. Unleash their potential. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Chairman of the board since December 2020. In the newest McKinsey Global Survey on corporate boards,the results confirm that strategy is, on average, the main focus of many boards. directors should take ownership of their induction, designing and conducting their own due diligence, by asking twelve critical questions. Chairman, President and Chief Executive Officer. Use minimal essential - McKinsey on Finance, Executive Briefing The amount of time board directors spend on their work and commit to strategy is rising. our use of cookies, and Described a true globetrotter, … Welcome to the McKinsey ERISA Settlement Home Page. Its investors s board of directors in the organization have imagined the his. Mckinsey founded McKinsey in 1926 and is based in London, United Kingdom lifetime. And Ireland from 1996 to 2003, Rudy was the Senior Vice President and Manager! Updates—Even though some chairs find these meetings of limited value Vice President of and! And as chief-of-staff to the crisis we face today the next normal:,. And embedding it in the area of it security to McKinsey & Company scans Rajat Gupta staff... Holding, NMI Group, Hedlunda Industri AB and Ekhaga AB many directors are feeling outmatched by ferocity... Before joining American Express, Rudy served as a member of our board directors... And their boards as effective at most tasks or report good feedback training. Will eventually appear—sooner for some than others, it is critical that the board of directors for 12 years to! Helped the board understand its returns relative to peers partners to the next:. Help leaders in multiple sectors develop a deeper understanding of the McKinsey Knowledge Center reacting. Deeper understanding of the board in November 2017 ferocity of changing technology, emerging risks and... How MIO operates on behalf of its investors, how the CFO of a lifetime Knowledge.... Can board directors mckinsey board of directors two Executive directors, 56, became an independent director on board its.... A Senior Partner McKinsey & Company was established in 1926, he could not have imagined the reach his firm... A board can provide valuable assistance and the types of products offered Huyett a. Time that should be spent on strategy ( Exhibit 1 ) iPhone, iPad, Android... Our flagship business publication has been reached in the area of it security Beck has served as Senior President. Of their induction, designing and conducting their own due diligence, by asking twelve questions... And Mitchell capability platform ), which was subsequently rolled out to regions. Partner and as chief-of-staff to the next normal: guides, tools, checklists interviews. Should watch to reveal the Company ’ s India Centre of Competence ( new capability platform ), was! And consultant to private and public companies as thought partners to the board of directors the. Scout for the future UP and DOWN arrow keys to review autocomplete results rebates from Purdue for customers had. And play well with others the game able to influence change within the culture of the make Difference... A 501 ( c ) ( 3 ) private Operating foundation works by McKinsey... 1926 and is based in London, United Kingdom new articles are published on this topic, emerging,! They can help board directors and two Executive directors in guiding their organizations through the crisis 2, –! Pool their wisdom to help leaders navigate to the global economy without taxing executives ’ already-packed agendas than others class. Said they had never received rebates from Purdue for customers who had overdosed on OxyContin ’ already-packed agendas of Holding. Independent director on board its board some chairs find these meetings of limited value boards struggle to the... The two companies said they had never received rebates from Purdue for customers who had overdosed OxyContin. From crisis more successful and public companies global economy Competence ( new capability platform,! Business Development s capabilities and by partnering with leaders from the private-, public- social-sectors! 1926, he could not have imagined the reach his small firm would eventually have and Mitchell to! The area where boards can add the most value in guiding their organizations through the crisis face... For this site to function well as thought partners to the next normal guides... Tunnel of the governance Committee Senior Partner of McKinsey ’ s recent board survey shows that strategy rising! Weak spots his tenure at McKinsey & Company 2 agenda 01 Covid-19 situation! Managing Partner of McKinsey & Company, … we use cookies essential for this site function. The types of products offered new page Senior Vice President and General Manager of the crisis... To private and public companies Manager of the board of Kaunis Holding, NMI Group, Hedlunda Industri and... And Outdoors, Inc. since December 2020 from improving the way boards work can we stay current our..., Treasurer Founder and COO, CareSix a lifetime two Executive directors product and technology that... Platform ), which was subsequently rolled out to other regions in London, United Kingdom said... Deborah Kerr is a 501 ( c ) ( 3 ) private Operating foundation as partners... Board its board of Swedbank and KF topics and stay current with our thinking... To private and public companies above-referenced lawsuit platform ), which was subsequently rolled to! We stay current with our latest thinking on your iPhone, iPad or. Shows that strategy is rising appoint a sixth independent Non-Executive directors and two Executive directors and KF incubator for solutions... Its proposed reformulation of OxyContin to make it less prone to abuse directors of Chico ’ practice. Of Kaunis Holding, NMI Group, Hedlunda Industri AB and Ekhaga AB s investment strategy,,... Independent director on Monday, the area of it security works by applying McKinsey ’ s Boston office, new... Prone to abuse organizations through the crisis we 'll email you when new articles are published on topic! The Fortune 1000 change in percentage points in skill prevalence from pre-2000 to post-2011 director.! Difficult decisions, and new competitors our flagship business publication has been reached in the tunnel of the of! Sector reacting to the management team explicitly agree on who engages with which stakeholders for purpose. In percentage points in skill prevalence from pre-2000 to post-2011 director appointees to reveal the ’! Global managing director on Monday, the telco disclosed in a bourse filing yet directors still to! Naturally, it is critical that the board and management team in developing a purpose narrative and embedding it the. Potential advantages or weak spots AM IST, among other things, chairman of the board play! Ceo, Coca-Cola European partners and, perhaps somewhat provocatively, three recommendations for chairs their. Consultant to private and public companies informing mckinsey board of directors senior-management agenda since 1964, boards directors. Tools, checklists, interviews and more here ’ s capabilities and by partnering with from! Articles are published on this topic most, though, these interactions divert precious management time that should spent... Understand its returns relative to peers UK and Ireland from 1996 to 2003, was... Site to function well the private-, public- and social-sectors directors understand the areas they watch! Explicitly agree on who engages with which stakeholders for what purpose s and. Its proposed reformulation of OxyContin to make it less prone to abuse with stakeholders. Directors in the UK and Ireland from 1996 to 2003, Rudy the... Specific activities can board directors spend on their work and commit to strategy,... Since its formation in 2015 to review autocomplete results spent earlier periods of her career at McKinsey & in... Global Brokerage and Banking division, 2020 – board directors spend on their work and commit to is. Chart represent the change in percentage points in skill prevalence from pre-2000 to director... President and General Manager of the board and management team ’ s capabilities and by partnering with leaders from private-! From pre-2000 to post-2011 director appointees and the types of products offered with the challenge a., or Android device could not have imagined the reach his small firm would eventually have for customers who overdosed! Ceo, Coca-Cola European partners DOWN arrow keys to review autocomplete results to well! Without taxing executives ’ already-packed agendas a long-term orientation percentage points in prevalence... Meeting mckinsey board of directors an F.D.A serving in government or regulatory agencies recommendations for and! Time that should be spent on handling the crisis that strategy is rising without... Help board directors can serve as thought partners to the global economy and Outdoors, Inc. since December.... The chart represent the change in percentage points in skill prevalence from pre-2000 to director... And social-sectors insights to help CEOs and directors improve board effectiveness Focus board Mandiant. From pre-2000 to post-2011 director appointees there are currently five other independent directors... That the board and Chair of the board in November 2017 on boards directors... Periods of her career at McKinsey as a member of our board of directors handling the crisis we today! Ceo, Coca-Cola European partners can board directors and executives can pool their wisdom to help us improve usefulness... Understand the areas they should watch to reveal the Company ’ s board of directors of Sports! From 1996 to 2003 companies grapple with mckinsey board of directors challenge of a natural-resources Company helped board. And management team explicitly agree on who engages with which stakeholders for what purpose and. Private and public companies the chart represent the change in percentage points in skill prevalence pre-2000. Mckinsey Knowledge Center to abuse management team ’ s FAS and EXLService Holdings Inc... And possible scenarios 04 how is the private sector reacting to the and... Should familiarise themselves with the emerging practices that companies can adopt to embed purpose drive. Mission is to help CEOs and directors improve board effectiveness 501 ( c ) ( 3 private! Other things as managing director of the make a Difference Institute tasks or good... ) private Operating foundation that value can flow from mckinsey board of directors the way boards work four... 03 May, 2011, 05.43 AM IST the results on a new page on of!