Are you a board member or an aspiring one? I know you are worried about #covid-19. But life must go on. Take a few minutes to read a foreword extract by Professor Stephen K. Nkundabanyanga, a corporate governance expert.
“I graduated from Makerere University with a PhD in board governance and firm performance in 2013 and now work as a Professor of Accounting and Governance at Makerere University Business School. So I am an author myself, editor, and reviewer for respected Journals and books. I have also served on some Company Boards. But the book, “7 Tools of an Effective Board Member” by Mustapha B. Mugisa, comes well-leafed in the hands of its author whom I have known for several years for being a talented writer, board governance expert and company turnaround strategist. So I will start this foreword by letting you know, dear reader, of the authoritative book you now hold in your hands!
This book does not only educate but also creates a defining moment on how business, organization, and people (stakeholders) will, from now on, scrutinize Board Member effectiveness. For too long, we have led ourselves to believe that company performance problems were limited and shielded because registered companies were required by law to have a board of directors to ensure company effectiveness. Well, not anymore! The author has brought to light the grim truth that without a board that is effective, you will have no sustained performance to talk about. He shows, in the first part of the book, the ills vitiating board member effectiveness I have felt as a board member but which, until the birth of this book, we took for granted. He will walk you through the seven ills to avoid as an active board member, whether executive or non-executive.
Knowing the 7 ills and learning/using the 7 tools cahoots to make you effective. I can tell you, this is a great board governance book and I’ve learned greatly from it. You too should.
During these tough times, you need to practice “eyes on, hands-off” strategy of good governance, and the business founder and or board member. How do you implement micro-monitoring of your business to deliver value amid disruptions caused by the #covid19?
Want to read the rest of the foreword, buy a digital version from Amazon or visit Aristoc and get a printed copy.
Copyright Mustapha B Mugisa, 2020. All rights reserved.