Judgment, Values and Integrity
“Wow. In the past sixteen minutes I learned everything there is to learn for an MBA!” Thus spoke NACD President and CEO Ken Daly, in response to panelists Ken Duberstein (former Reagan chief of staff) and Norm Augustine (retired chairman and CEO of Lockheed Martin) expounding on their philosophies of “Courageous Board Leadership,” on the final morning of the annual NACD Corporate Governance Conference.
Augustine’s philosophy is straightforward: “Find quality people, tell them what you want, and get out of the way.” Quality people are those who have “enthusiasm, intelligence, and respect for others.”
Duberstein said that “a good leader empowers those around him to do their jobs better.” Leadership, he said, is “judgment, values, and integrity.” A good leader seeks “people who are independent but loyal to the mission.”
All panelists agreed that “professional skepticism” applied in the appropriate way, is healthy to the success of any enterprise. All believe that, while it is not necessary to agree with one another, board members should serve in a collegial fashion, get along, and respect each other.