Lori Calabro, CFO Magazine
December 1, 2007
Lori Calabro's succinct piece hits an upstanding nail on the head. The disconnect between boards and strategic planning is as ridiculous as the solution is easy.
Every substantial company has an annual strategic planning ritual as a prelude to budgeting. These are greedfests of internecine offsite-casual war. As a board member of various companies, I simply ask to attend and have never been denied. Sometimes I had something to contribute, but mostly I just feed on the info flow.
Today, board members know that they can be liable for mistakes made by the companies they oversee. This may be grossly unfair sometimes, but when someone on a board is just filling a seat and not doing the job, frankly I have no truck.
Just ask to go to the offsite. It's ugly, of course. But do it.
Posted by George Brown | Dec 28, 2007 11:30 PM ET
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