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	<title>Leadership Spunje &#187; The Board</title>
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	<link>http://leadership.spunje.com</link>
	<description>A constantly updated online resource for business managers with leadership responsibility or aspirations - Soak it up!</description>
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		<title>When to Tell Employees You are Selling Your Business</title>
		<link>http://leadership.spunje.com/2009/10/when-to-tell-employees-you-are-selling-your-business/</link>
		<comments>http://leadership.spunje.com/2009/10/when-to-tell-employees-you-are-selling-your-business/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 16:45:51 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[Managing Director/CEO]]></category>
		<category><![CDATA[Non Executive Director]]></category>
		<category><![CDATA[The Board]]></category>
		<category><![CDATA[Exit strategy]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=385</guid>
		<description><![CDATA[I started and grew a technology company in the late 1990s, and sold it after being approached by a larger, public company. From letter of intent to closing it took about six months and during that time I let the employees know what was happening. Would I do that again? No, I wouldn’t, and I [...]]]></description>
			<content:encoded><![CDATA[<p>I started and grew a technology company in the late 1990s, and sold it after being approached by a larger, public company. From letter of intent to closing it took about six months and during that time I let the employees know what was happening. Would I do that again? No, I wouldn’t, and I recommend to my clients now that they think carefully before letting their employees know.</p>
<p><a href="http://www.allbusiness.com/labor-employment/resumes-curricula-vitae/12354189-1.html" target="_blank">http://www.allbusiness.com/labor-employment/resumes-curricula-vitae/12354189-1.html</a></p>
<blockquote>
<h3><span style="color: #ff6600;">Key, trusted employees are different, and it can be very helpful to have them on your side in an acquisition. Often an acquisition means growth opportunities for them, so it doesn’t hurt to let them in on your plans. Just let them know how important it is not to discuss the plans with other employees.</span></h3>
</blockquote>
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		</item>
		<item>
		<title>Luxury-Goods Makers Brandish Green Credentials</title>
		<link>http://leadership.spunje.com/2009/10/luxury-goods-makers-brandish-green-credentials/</link>
		<comments>http://leadership.spunje.com/2009/10/luxury-goods-makers-brandish-green-credentials/#comments</comments>
		<pubDate>Sun, 18 Oct 2009 16:11:18 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[The Board]]></category>
		<category><![CDATA[Corporate reputation]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=526</guid>
		<description><![CDATA[The bad economy and a fundamental shift in the market for luxury goods are forcing an industry that reveres names like Chanel and Versace to embrace a different icon: Mother Nature.
Over the past year, many of the world&#8217;s best-known luxury labels have started to introduce ecofriendly products, snap up brands that tout their social responsibility [...]]]></description>
			<content:encoded><![CDATA[<p>The bad economy and a fundamental shift in the market for luxury goods are forcing an industry that reveres names like Chanel and Versace to embrace a different icon: Mother Nature.</p>
<p>Over the past year, many of the world&#8217;s best-known luxury labels have started to introduce ecofriendly products, snap up brands that tout their social responsibility and weave environmental themes into their advertising and marketing. In May, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton took a stake in Edun, an organic-clothing company founded by the singer Bono and his wife.</p>
<p><a href="http://online.wsj.com/article/SB124650107013784081.html" target="_blank">http://online.wsj.com/article/SB124650107013784081.html</a></p>
<blockquote>
<h3><span style="color: #ff6600;">The global recession is adding challenges that defy simple solutions. Global sales of luxury goods are expected to fall 10% this year to €154 billion ($218 billion), the first decline in 15 years, according to Bain &amp; Co. The industry isn&#8217;t expected to return to 2008 levels, €170 billion, until 2012, says Claudia D&#8217;Arpizio, a consultant at Bain&#8217;s Milan office. In response brands are slowing store expansion, lowering prices and trimming ad spending to cut costs.</span></h3>
<h3><span style="color: #ff6600;">Still, the economy may also accelerate the greening of luxury, industry executives say. A February survey by Cone found that 50% of Americans ages 18 to 24 said they have &#8220;higher expectations of companies to make and sell environmentally responsible products and services during the economic downturn,&#8221; compared with 35% of Americans overall.</span></h3>
</blockquote>
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		<item>
		<title>Don&#8217;t look for the logo to boost reputation, says Pfizer PR</title>
		<link>http://leadership.spunje.com/2009/10/dont-look-for-the-logo-to-boost-reputation-says-pfizer-pr/</link>
		<comments>http://leadership.spunje.com/2009/10/dont-look-for-the-logo-to-boost-reputation-says-pfizer-pr/#comments</comments>
		<pubDate>Sun, 18 Oct 2009 16:04:40 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[The Board]]></category>
		<category><![CDATA[Corporate reputation]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=522</guid>
		<description><![CDATA[Authenticity and earned media trump slick corporate ads when it comes to bolstering corporate reputation, said Pfizer&#8217;s Sally Susman.
Speaking at a PR summit at Pfizer HQ yesterday, Susman, SVP and chief communications officer for Pfizer, emphasized the importance of “return on reputation” and said corporate ads don&#8217;t work.
“If we pay, it&#8217;s immediately tainted,” said Susman, [...]]]></description>
			<content:encoded><![CDATA[<p>Authenticity and earned media trump slick corporate ads when it comes to bolstering corporate reputation, said Pfizer&#8217;s Sally Susman.</p>
<p>Speaking at a PR summit at Pfizer HQ yesterday, Susman, SVP and chief communications officer for Pfizer, emphasized the importance of “return on reputation” and said corporate ads don&#8217;t work.</p>
<p>“If we pay, it&#8217;s immediately tainted,” said Susman, describing the reputational challenges Big Pharma must contend with in terms of public reception. “I don&#8217;t want my logo on things.” She noted that Edelman&#8217;s annual Trust Barometer found public trust of healthcare providers plunged this year.</p>
<p><a href="http://www.mmm-online.com/Dont-look-for-the-logo-to-boost-reputation-says-Pfizer-PR/article/140710/" target="_blank">http://www.mmm-online.com/Dont-look-for-the-logo-to-boost-reputation-says-Pfizer-PR/article/140710/</a></p>
<blockquote>
<h3><span style="color: #ff6600;">Addressing the sour reputation of pharma, which the public views as “greedy, arrogant and deceitful people who care only about money,” Susman countered that Pfizer “does care about profits, but we spend a lot more time talking about science, health and prevention.”</span></h3>
<h3><span style="color: #ff6600;">Instead of focusing solely on ROI as a metric for successful PR, Susman suggested the addition of an ROR metric: return on reputation.</span></h3>
</blockquote>
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		<item>
		<title>reducing the environmental impact of business: what role can IT play?</title>
		<link>http://leadership.spunje.com/2009/10/reducing-the-environmental-impact-of-business-what-role-can-it-play/</link>
		<comments>http://leadership.spunje.com/2009/10/reducing-the-environmental-impact-of-business-what-role-can-it-play/#comments</comments>
		<pubDate>Wed, 14 Oct 2009 07:22:02 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[The Board]]></category>
		<category><![CDATA[Corporate Culture]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=482</guid>
		<description><![CDATA[■ Businesses are being compelled to play their part in tackling climate change.
■ While there are lots of activities that can reduce an organisation’s environmental impact, there is no silver bullet.
■ A co-ordinated programme is needed – that addresses not just IT generated emissions but also uses IT to enable a low carbon transformation across [...]]]></description>
			<content:encoded><![CDATA[<p>■ Businesses are being compelled to play their part in tackling climate change.</p>
<p>■ While there are lots of activities that can reduce an organisation’s environmental impact, there is no silver bullet.</p>
<p>■ A co-ordinated programme is needed – that addresses not just IT generated emissions but also uses IT to enable a low carbon transformation across the organisation.</p>
<p>With businesses under pressure to act, IT has a vital role to play in the move to a truly low carbon operation.</p>
<p><a href="http://www.fujitsu.com/downloads/EU/uk/about/sustainability/green_it_brochure.pdf" target="_blank">http://www.fujitsu.com/downloads/EU/uk/about/sustainability/green_it_brochure.pdf</a></p>
<blockquote>
<h3><span style="color: #ff6600;">At Fujitsu, we believe IT has a crucial role in helping reduce the environmental impact of business. For too long the focus has been on simply reducing the CO2 emissions generated by IT. However, organisations must also consider how IT can be applied as part of a fully co-ordinated transformation programme – to reduce their overall carbon footprint, playing their part in addressing the issue of climate change.</span></h3>
</blockquote>
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		<item>
		<title>Why your strategic plan failed and what you can do about it.</title>
		<link>http://leadership.spunje.com/2009/10/why-your-strategic-plan-failed-and-what-you-can-do-about-it/</link>
		<comments>http://leadership.spunje.com/2009/10/why-your-strategic-plan-failed-and-what-you-can-do-about-it/#comments</comments>
		<pubDate>Fri, 02 Oct 2009 15:09:49 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[Managing Director/CEO]]></category>
		<category><![CDATA[The Board]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=400</guid>
		<description><![CDATA[The conversation normally begins like this, “We’ve tried strategic planning in the past but somehow it allows seems to fall by the way side. No matter what method we try, the same result occurs. What are we missing?”
From it’s military genesis to strategic planning as we know it today, the reason for it is always [...]]]></description>
			<content:encoded><![CDATA[<p>The conversation normally begins like this, “We’ve tried strategic planning in the past but somehow it allows seems to fall by the way side. No matter what method we try, the same result occurs. What are we missing?”</p>
<p>From it’s military genesis to strategic planning as we know it today, the reason for it is always the same: we need to know where we want to end up, how we’re going to get there, what resources we need, and who can help us make it happen. From small entrepreneurial businesses to large public entities, strategic planning is critical in shaping the future of your business.</p>
<p><a href="http://mikedesjardins.wordpress.com/" target="_blank">http://mikedesjardins.wordpress.com/</a></p>
<blockquote>
<h3><span style="color: #ff6600;">So if planning is about the alignment and execution, start by asking yourself, “What is our system for planning? How does our system drive behaviour and measurement that tells us early on about execution effectiveness? Is our strategic planning system heavy on communication, reporting, metrics, review and revision so we can’t ignore it, forget about it, or avoid accountability around it?”</span></h3>
</blockquote>
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		<item>
		<title>The Board of Directors Responsibility, Role, and Structure</title>
		<link>http://leadership.spunje.com/2009/09/the-board-of-directors-responsibility-role-and-structure/</link>
		<comments>http://leadership.spunje.com/2009/09/the-board-of-directors-responsibility-role-and-structure/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 11:20:16 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[The Board]]></category>
		<category><![CDATA[Organisation Structure]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=398</guid>
		<description><![CDATA[Mention the phrase &#8220;board of directors&#8221; to the average investor, and they are likely to conjure up images of nicely dressed men and women standing around a mahogany table, smiling congenially. This is entirely understandable; many annual reports prominently feature glossy photographs of just such a scene. Now, ask the investor to describe the primary [...]]]></description>
			<content:encoded><![CDATA[<p>Mention the phrase &#8220;board of directors&#8221; to the average investor, and they are likely to conjure up images of nicely dressed men and women standing around a mahogany table, smiling congenially. This is entirely understandable; many annual reports prominently feature glossy photographs of just such a scene. Now, ask the investor to describe the primary responsibility of the board of directors and very few will be able to give you a definitive answer.</p>
<p><a href="http://beginnersinvest.about.com/cs/a/aa2203a.htm" target="_blank">http://beginnersinvest.about.com/cs/a/aa2203a.htm</a></p>
<blockquote>
<h3><span style="color: #ff6600;">In a company where no controlling shareholder exists, the directors should act as if one did exist and attempt to protect this imaginary entity at all times (even if it means firing the CEO, making changes to the structure that are unpopular with management, or turning down acquisitions because they are too pricey).</span></h3>
</blockquote>
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		</item>
		<item>
		<title>Top 10 Board Meeting Tips (for CEOs)</title>
		<link>http://leadership.spunje.com/2009/09/top-10-board-meeting-tips-for-ceos/</link>
		<comments>http://leadership.spunje.com/2009/09/top-10-board-meeting-tips-for-ceos/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 17:01:48 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[Managing Director/CEO]]></category>
		<category><![CDATA[Non Executive Director]]></category>
		<category><![CDATA[The Board]]></category>
		<category><![CDATA[Communication]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=119</guid>
		<description><![CDATA[As a less laborious follow on to my last post (people love top 10 lists), here are my TOP 10 BOARD MEETING DOS AND DONTS FOR CEOS&#8230;&#8230;
http://socalvc.blogspot.com/2009/07/top-10-board-meeting-tips-for-ceos.html

Having attended a number of Board meetings as corporate counsel, I would emphasize the importance of NO SURPRISES. Indeed, if there is bad news, such news should have been [...]]]></description>
			<content:encoded><![CDATA[<p>As a less laborious follow on to my last post (people love top 10 lists), here are my TOP 10 BOARD MEETING DOS AND DONTS FOR CEOS&#8230;&#8230;</p>
<p><a href="http://socalvc.blogspot.com/2009/07/top-10-board-meeting-tips-for-ceos.html" target="_blank">http://socalvc.blogspot.com/2009/07/top-10-board-meeting-tips-for-ceos.html</a></p>
<blockquote>
<h3><span style="color: #ff6600;">Having attended a number of Board meetings as corporate counsel, I would emphasize the importance of NO SURPRISES. Indeed, if there is bad news, such news should have been communicated to each Board member individually prior to the meeting.</span></h3>
</blockquote>
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		<item>
		<title>The Combined Code and associated guidance</title>
		<link>http://leadership.spunje.com/2009/09/the-combined-code-and-associated-guidance/</link>
		<comments>http://leadership.spunje.com/2009/09/the-combined-code-and-associated-guidance/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 07:00:22 +0000</pubDate>
		<dc:creator>Leadership Spunje</dc:creator>
				<category><![CDATA[Managing Director/CEO]]></category>
		<category><![CDATA[The Board]]></category>
		<category><![CDATA[Organisation Structure]]></category>

		<guid isPermaLink="false">http://leadership.spunje.com/?p=128</guid>
		<description><![CDATA[The Combined Code on Corporate Governance sets out standards of good practice in relation to issues such as board composition and development, remuneration, accountability and audit and relations with shareholders.
All companies incorporated in the UK and listed on the Main Market of the London Stock Exchange are required under the Listing Rules to report on [...]]]></description>
			<content:encoded><![CDATA[<p>The Combined Code on Corporate Governance sets out standards of good practice in relation to issues such as board composition and development, remuneration, accountability and audit and relations with shareholders.</p>
<p>All companies incorporated in the UK and listed on the Main Market of the London Stock Exchange are required under the Listing Rules to report on how they have applied the Combined Code in their annual report and accounts. Overseas companies listed on the Main Market are required to disclose the significant ways in which their corporate governance practices differ from those set out in the Code.</p>
<p><a href="http://www.frc.org.uk/corporate/combinedcode.cfm" target="_blank">http://www.frc.org.uk/corporate/combinedcode.cfm</a></p>
<blockquote>
<h3><span style="color: #ff6600;">The June 2008 edition of the Code took effect at the same time as new FSA Corporate Governance Rules implementing EU requirements relating to corporate governance statements and audit committees.</span></h3>
</blockquote>
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