How Good People Can Make Bad Boards and What To Do When It Happens
Contact Kathy Hendrickson at (630) 527-9579 to register.
Effective group dynamics are critical to ensuring that a board can operate at the high level its important role calls for. A successful board requires the opportunity to openly debate issues before the business and for members to provide their best, most honest counsel from their varied perspectives and backgrounds.
This is more important than ever in today’s environment of heightened shareholder activism. When boards are being pressed to make momentous decisions that may be more in the short-term interest of certain shareholders than the long-term interest of the organization and other stakeholders, they need to be operating at peak effectiveness to make the best decisions.
Miles White, Chairman and CEO of Abbott and a member of many corporate, civic, cultural and academic boards, offers insights on how to build boards to operate effectively and navigate these turbulent waters.
Location and Time
The Chicago Club
81 E.Van Buren St.
Chicago, IL 60605
11:15 - 11:45 a.m. Registration/Networking Reception
11:45 - 1:30 p.m. Lunch/Program
Daniel Burnham Ball Room
Miles WhiteMiles White has been Chairman of the Board and Chief Executive Officer of Abbott since 1999. The longest-tenured leader of a major healthcare company, he has transformed the company multiple times through bold strategic actions. When Miles took the reins at Abbott, more than half of its business was in the United States; today 70 percent of Abbott's business is outside the U.S.A. At the beginning of Miles' tenure, Abbott's sales were overwhelmingly to the trade; today 50 percent are direct to consumers, and the company is building a leading consumer brand. Miles has continually shaped Abbott's business portfolio to keep the company at the forefront of medical science and business performance. As a result, he created two of Chicago's largest companies, AbbVie and Hospira, almost tripling the value of the businesses he began with in 1999. Under his leadership, Abbott has multiple times been named Fortune's Most Admired Company in its industry and, for 10 years in a row, has been named to the Dow Jones Sustainability Indexes as one of the world's leading corporate citizens. Not surprisingly, this record has led Barron's magazine to name Miles one of the world's 30 Best CEOs for the last seven years.
Theodore DysartVice Chairman in Heidrick & Struggles' Chicago Office where he is a leader in the global Board of Directors Practice. NACD's Directorship magazine has named him to the Directorship 100, a listing of the most influential individuals in corporate governance, for the last six years.