Value Creation for Owners and Directors

2023-05-10 Business & Economics

Author : Massimo Massa
Release : 2023-05-10
Genre : Business & Economics
Kind : eBook
Book Rating : 267/5 ( reviews)

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Book Synopsis Value Creation for Owners and Directors by : Massimo Massa

Download or read book Value Creation for Owners and Directors written by Massimo Massa. This book was released on 2023-05-10. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with a much understudied and poorly understood aspect of business: the role of owners and boards in value creation. While there is abundant guidance on value creation for publicly listed firms and their managers, the role played by owners, and their corporate directors, in value creation and governance has been overlooked. This book aims to fill that gap. • The first part deals with the mission, and the values and rules pertaining to the governance of the business. These structural elements are fundamental for owners to get right as they pave the way to value creation, or its opposite. They refer to “WHAT” owners have to do. Another element is the formation of the three boards that govern owner-led firms: the owners board, the board of directors, and the management board. • The second part addresses the relational elements that owners must master to effectively manage the social and emotional dynamics in their enterprise. It deals with the “HOW” of ownership, namely the leadership process that lies at the heart of board work. This process ensures alignment across the three boards and also with stakeholders that is vital to realizing owners’ value creating aims. • Thirdly, the book explores the histories, defining experiences, and talents that define owners and shape their enterprise. It concerns the “WHOM,” namely the identities of owners. It explores the diversity of ownership styles and identifies the critical personal transitions owners must make in their leadership quest. This book offers a practical guide for business aiming for value creation. It also should be of interest to directors and executives of all firms with identifiable ownership, such as entrepreneurial, family, state-owned and private equity firms.

Boards, Governance and Value Creation

2007-04-19 Business & Economics

Author : Morten Huse
Release : 2007-04-19
Genre : Business & Economics
Kind : eBook
Book Rating : 829/5 ( reviews)

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Book Synopsis Boards, Governance and Value Creation by : Morten Huse

Download or read book Boards, Governance and Value Creation written by Morten Huse. This book was released on 2007-04-19. Available in PDF, EPUB and Kindle. Book excerpt: What is the role of boards in corporate governance? How should they be structured in order to maximize value creation? This 2007 book looks at the role of boards in a variety of different countries and contexts, from small and medium-sized enterprises to large corporations. It explores the working style of boards and how they can best achieve their task expectations. Board effectiveness and value creation are shown to be the results of interactions between owners, managers, board members and other actors. Board behaviour is thus seen to be a result of strategizing, norms, board leadership, and the decision-making culture within the boardroom. Combining value creation, behavioural and ethical approaches to the study of boards, this work offers a systematic framework which will be of value to graduate students and researchers in the field of corporate social responsibility and business ethics.

Value

2010-10-26 Business & Economics

Author : McKinsey & Company Inc.
Release : 2010-10-26
Genre : Business & Economics
Kind : eBook
Book Rating : 082/5 ( reviews)

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Book Synopsis Value by : McKinsey & Company Inc.

Download or read book Value written by McKinsey & Company Inc.. This book was released on 2010-10-26. Available in PDF, EPUB and Kindle. Book excerpt: An accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. Discusses the four foundational principles of corporate finance Effectively applies the theory of value creation to our economy Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.

Three Dilemmas for Creating a Long-term Board

2019

Author : Ariel Fromer Babcock
Release : 2019
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Three Dilemmas for Creating a Long-term Board by : Ariel Fromer Babcock

Download or read book Three Dilemmas for Creating a Long-term Board written by Ariel Fromer Babcock. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Arguably among a company's biggest untapped strategic assets, a well-functioning corporate board of directors wields the power to meaningfully influence the purpose, culture, and direction of an organization. While many boards may display good corporate governance principles, the most effective boards at leading companies for long-term value creation are truly long-term boards. These long-term boards may look different around the world, but they share a few key characteristics:Time spent on Strategy - Long-term boards prioritize the future of the business, including spending significant time on strategy, business model, risks, and the company's value creation proposition. Directors as Owners - Long-term boards build and perpetuate an effective board over time by acting like owners, aligning the board's interests with shareholders, often via stock ownership.Board level Engagement with Shareholders - Long-term boards possess a strong understanding of the objectives of long-term shareholders and regularly engage with them on topics of strategic importance.However, achieving this combination of characteristics presents the board with three meaningful dilemmas:Should boards devote more time to strategy by spending less time on routine matters or do they need to spend more time on board work overall?Can board members be meaningful owners of the companies they serve without getting caught up in the short-term pressures caused by gyrations in market valuation and volatility?How do board members engage with shareholders without distracting or undermining management?Through a series of in-depth interviews with institutional investors, senior directors, and board consultants we gathered perspectives on how leading boards have tackled these challenges and found that getting these things right often creates a virtuous cycle that entrenches a long-term approach to value creation at the board level.

The Blue Line Imperative

2013-06-14 Business & Economics

Author : Kevin Kaiser
Release : 2013-06-14
Genre : Business & Economics
Kind : eBook
Book Rating : 909/5 ( reviews)

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Book Synopsis The Blue Line Imperative by : Kevin Kaiser

Download or read book The Blue Line Imperative written by Kevin Kaiser. This book was released on 2013-06-14. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking guide to making profitable business decisions Do you wonder why your value initiatives aren't providing the payoff you'd hoped for? Could it be because you've been thinking about value all wrong? According to the authors of this groundbreaking guide, there's a very good chance that you have. Using examples from leading companies worldwide, they explain why every decision a company makes either creates value or detracts from it, and why, if they hope to survive and thrive in today's increasingly competitive global marketplace, company leaders must make value-creation the centrepiece of every business decision. Authors Kaiser and Young have dubbed this approach "Blue-Line Management," (BLM), and in this entertaining, highly accessible book, they delineate BLM principles and practices and show you how to implement them in your company. Explains why the failure to properly define and assess value often makes it difficult for the people who manage businesses to effect long-term success Offers guidelines for making the satisfaction of customer needs and wants—i.e. value creation—the driver of all business activities The authors are respected academics at INSEAD, the world's largest and most respected graduate business school, with campuses in Europe, Asia and the Middle East

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