Author Archives for Kimberly Simpson

The Strategic-Asset General Counsel

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In June, NACD convened general counsels (GCs) from across the country for a one-day meeting in New York City on the role of the GC in supporting boards of directors. Program panels consisted of directors, GCs, and subject-matter experts on legal issues affecting board decision making. The Evolving Role of the GC According to Richard D. Buchband, senior vice president, GC, and secretary for ManpowerGroup, the GC must clear the way for the board to focus on strategic matters. Though each company is different, long past are the days when the GC’s role was to take minutes in the corner... Read More


The Board’s Role in a Crisis: Ready or Not?

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If power and cellular phone service to your plant were inoperable because of a devastating hurricane, how would you reach employees to confirm their safety first, and then address the status of the facility? If your company handled classified projects and a building’s power grid failed in a natural disaster, how long would backup generators work before being refueled by trucks that might not have an easy route to the building? What if the building’s doors were unlocked after the back-up locks failed—could the classified work within the facility be compromised? These real-life stories, shared at the April program of... Read More


The Board’s Role in Betting the Market Cap

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Take a moment to place yourself in this board’s shoes. The company has… An enviable revenue stream, with approximately $120 million in sales per day and an average sales order of $2,000; A strong balance sheet with very little debt; A need to react to seismic shifts in customer needs; An overweight of assets in Europe while sizable growth for your industry has been predicted in Asia; and A market cap of roughly $2.6 billion. What would your board do? Would your board be comfortable acquiring a division of a competitor for $2.4 billion in cash and 2.785 million shares... Read More