Summary of Excellence in the Boardroom

Best Practices In Corporate Directorship

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Excellence in the Boardroom book summary
Management cannot govern a company; boards cannot manage a company.


9 Overall

10 Applicability

9 Innovation

8 Style


That creaking sound you hear is Bill Dimma closing the barn door after Enron already got out. Dimma sounds a late, but nevertheless critical, wakeup call for U.S. corporations: They must institute policies of sound corporate governance at the board of directors level if they are to succeed and survive. About 80% of Fortune 500 companies combine the roles of chairman of the board and CEO, violating Dimma’s rule number one - separate powers. recommends that the management and directors of every one of these companies read Dimma’s book and implement the measures that he prescribes.

In this summary, you will learn

  • How and why many boards of directors have failed in their responsibility of providing corporate governance
  • How to define the proper relationship between management and the board of directors
  • Procedures that you can implement in your own company to improve the effectiveness of your board


Begin With A Vision
What would an ideal board of directors look like - a board that could rescue a company from poor decision making or an Enron-like fiasco before it ever happened? Here’s a vision of the ideal board: The Chairman of the Board and CEO are different people. Many...
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About the Author

William Dimma has served on the boards of Capstone Investments, American Eco Corp.; Home Trust Co., Magellan Aerospace, Monsanto Canada, Polysar Chemical, Sears Canada, London Life Insurance, Toronto Star Newspapers and Union Carbide Canada and about 40 other companies.

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