board responsibilities

Corporate directors and managers have broad responsibilities to oversee their company’s operations. Among the most important items for these executives to monitor are the company’s operational and capital cash flows. In following guest post, H. Stephen Grace, Jr., Suzanne H. Gilbert, S. Lawrence Prendergast, and Joseph P. Montelone, the importance of corporate executives’ oversight of cash flows cannot be overstated – it is, the authors suggest, “the most critical indicator of a company’s ability to survive.” Steve Grace is President and Founder of H.S. Grace & Company, Inc.,; Suzanne Gilbert is a veteran corporate executive with over 30 years of experience with the Interpublic Group of Companies (IPG); Larry Prendergast is Chairman of the Turrell Fund and serves on the advisory boards of several investment funds, including JPMorgan; and Joe Monteleone is a Partner at the Weber Gallagher Simpson Stapleton Fires & Newby LLP law firm. A version of this article previously was published on ABA’s Business Law Today site (here). I would like to thank the authors for allowing me to publish their article as a guest post on this site. I welcome guest post submissions from responsible authors of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is the authors’ article. Continue Reading Guest Post: Monitoring Cash Flows: The Board, the CLO, and the CFO

A group composed of 20 public company CEOs and leaders of institutional investors has released Commonsense Corporate Governance Principles 2.0, an updated set of corporate governance principles that are intended to provide “a basic framework for sound, long-term oriented governance.” The group includes such luminaries as Warren Buffett, the Chairman and CEO of Berkshire Hathaway, Jamie Dimon, the CEO of JPMorgan Chase, Mary Barra, the CEO of General Motors, and Ginni Rometty, the CEO of IBM. The new released document updates the group’s original principles first published in 2016. The principles as updated include some interesting guidelines for publicly traded companies and for their investors, in a number of key areas.
Continue Reading Business Leaders Release Updated Corporate Governance Principles