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Contents

Acknowledgments

JAY W. LORSCH

ONE Boardroom Challenges

Lessons from the Financial Crisis and Beyond

JAY W. LORSCH

TWO Focusing on Strategy to Govern Effectively

KRISHNA PALEPU

THREE Managing Your CEO’s Succession

The Challenge Facing Your Board

JOSEPH L. BOWER

FOUR The Pay Problem

Time for a New Paradigm for Executive Compensation

JAY W. LORSCH AND RAKESH KHURANA

FIVE Board Governance Depends on Where You Sit

WILLIAM GEORGE

SIX Recognizing Negative Boardroom Group Dynamics

KATHARINA PICK AND KENNETH MERCHANT

SEVEN The Argument for a Separate Chair

DAVID A. NADLER

EIGHT The Argument for a Lead Director

RAYMOND GILMARTIN

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