Book review - Momentum by Michael McQueen
Directors, above all else, are responsible for the success of the enterprise. Sometimes this responsibility sits lightly; management power ahead, challenges are overcome and progress is made. At other times directors can find themselves frustrated; management doesn't seem to be making progress and the temptation to step over the line (or simply resign while the going is still good) will tickle the fancy of every non-executive.
This book explores the concept of momentum, identifies the five enemies of progress and gives clear steps on how strategies can be developed and implemented to ensure that momentum is maintained.
Case studies illustrate the clear points and simple yet effective actions to counter hubris, bureacracy and distraction will be immediately discernable.
Like many good strategy books this one is written to assist the implementer. It will will also aid effective governance of implementation if the correct governance and oversight mechanisms are applied.
Inspirational quote for February - This month my favourite quote is:
"When you reach the end of what you should know, you will be at the beginning of what you should sense."
~ Kahlil Gibran, Sand and Foam ~
Governance is as much an art as it is a science and our protagonist this month will need to feel her way into a new company, new role and changed relationship with her family. I am sure she will succeed.
Let's meet - I love the opportunity to meet readers (and anyone who is interested in governance) so it would be great to see you at one of my upcoming courses. I will be delivering:
Achieving Board Effectiveness, Dubai, 1 & 2 February 2017. Details available from Green Forest.
Presenting to Boards and Senior Executives in Perth on 20 March, Brisbane on 28 March, Sydney on 30 March and Melbourne on 31 March. Details available from Konnect Learning.
Governing Boards - Excellence in Governance in Kuala Lumpur on 10 and 11 April. Details available from Asian World Summit.
Public Sector Governance in Kuala Lumpur on 13 and 14 April. Details available from Asian World Summit.
I will also be at the Professional Speakers Australia annual convention on the Gold Coast from 24 to 27 March. Details available from PSA.
What's New? - In January I was pleased to feature in Patrick Durkin's insightful Australian Financial Review article (available to AFR subscribers only) on emergency CEO succession.
This topic was also explored on Sky News where I was part of a panel looking into board duties in general and CEO selection, oversight and renewal in particular.
As this newsletter goes out I am in Dubai running the popular Achieving Board Effectiveness course. I really enjoy the opportunity to travel and meet directors from other countries to share ideas and experiences; we have so much in common even when our legal and governance systems are so different.
Please call me if you would like to investigate my availability to work with your board or speak at your conference or training event.
A note on names - A few readers have asked me where I find the names for the protagonists in each case study. I can only say that I 'borrow' them from people I meet or things that I read. Linda means 'pretty'; in Spanish (and is most commonly used in Latin America rather than in Spain where 'Bella' predominates). The name is also often linked to the Linden tree and, as that is often used to shade or screen, seemed an appropriate name for the heroine of this month's dilemma. Our Linda will need to be pretty careful that she is not used as a screen to illegal activity.
This newsletter - If you have any ideas for improving the newsletter please let me know. If you are reading a forwarded copy please visit my website and sign up for your own subscription.
Suggestions for dilemmas - Thank you to all the readers who have suggested dilemmas. I will answer them all eventually. I could not write this newsletter without your help and without the generous help of all the experts who respond each month to the case studies.
Be a contributor - if you would like to attempt a response to the dilemmas for publication you will be most welcome. Simply reply to this email and let me know.
Farewell until the next issue (due 1 March 2017). I look forward to greeting you again then. In the interim I hope you will enjoy health, happiness and hard work.
Enjoy governing your corporations; we are privileged to do what we do!