Quantum Leaders |
Quantum Leaders, Inc. advises CEOs in creating
organizations that have focused execution and rapid
growth as they navigate inevitable
strategic business transitions.
We identify and help eliminate the blocks to effective
execution whether they are process, leadership or
interpersonal dynamics.
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Dear Norman,
This issue of the Quantum Leap focuses on the
question “who does a director serve?” To
paraphrase Phil Harding CEO of M-Flex in a
presentation to the Forum for Corporate Directors,
Orange County: “While this may be controversial,
directors cannot serve the interests of the
shareholders. It is impossible for the director to know
what every shareholder desires.” So if not the
shareholders who?
We hope you enjoy the article and if you want to
explore the topic further there is a more detailed
whitepaper that is also available on our web-site.
Please feel free to pass this newsletter along to
others that you think would find it interesting. To
voice your comments or to ask a question on any
challenge that you are facing click on this link. If you know anyone
else that would benefit from our
services, feel free to contact me or simply
click
on this link.
Norman Wolfe
QUOTE OF THE MONTH
“It’s what you learn after you know it all that
counts”
- John Wooden, UCLA basketball coach (1966 –
1973)
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Who does a director serve?
by Norman Wolfe, CEO Quantum Leaders
We all know a director’s number one responsibility is
to maximize shareholder value. We are guided to
remember we have a fiduciary responsibility to the
shareholders of the corporation. But who is the
shareholder(s) that I as a director have a fiduciary
responsibility to? And when it comes to maximizing
value for the shareholder(s), whose value am I to
consider?
If I was a money manager making investment
decisions, maximizing value would be simple. I would
simply ask the investor(s) what is important to them
and what do they value, and make decisions
accordingly. While the role of the director is similar,
who is the “investor” and what do they value?
While most people answer, “it is all the shareholders
that I have a fiduciary responsibility to”, I believe
this avoids the real question. How do I as a director
make investment decisions that maximize shareholder
value when there is no homogenous shareholder?
Read more
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Quantum Leaders continue to grow
As we look at ways to better serve our clients we
recognize that helping CEOs execute strategy
requires more than just the ability to define the
strategy and the implementation roadmap. As Robert
Norton co-author of the Balance Scorecard
said, “Executing Strategy is executing change at all
levels of the organization.”
Therefore Quantum Leaders is expanding to better
assist CEOs to execute the needed changes
wherever in the organization the need exists. We
are pleased to announce that Don Hicks will be
leading our Sales Practice area. In addition to Don
we are actively recruiting for partners who will lead
the Marketing, Product Development, Operations,
Finance and Strategic HR/OD practice areas. Look
for further announcements as we continue to grow
Quantum Leaders to better serve our current and
future clients.
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New White Paper Available
Download the full White Paper
“Who Does a Director Serve?”
Download Whitepaper
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