Susan Stautberg and Maggie Wilderotter featured in Corporate Secretary
Thursday, August 4, 2016
Helping boards tackle new markets and business models
With business disruption becoming the norm, boards can't afford to not include discussions on strategy and innovation on their agendas
Frontier Communications matches each of its ten board members with a senior leader in a two-year, rotating mentorship program, according to its former executive chairman, Maggie Wilderotter. ‘I put this program in place specifically for the board to get to know the senior leadership of the company, and for the senior leaders to get to know the board members,’ she explains.
‘The only rules are that [participants] have to get together a minimum of two to three times a year outside of board meetings, preferably over a meal so it’s more relaxed,’ says Wilderotter. ‘Our senior leaders love the program, and so do our board members.’
One hallmark of a board that is open to innovation and is actively helping the company evolve for the future is a willingness to venture beyond the confines of the boardroom itself. Susan Stautberg, chairman and CEO of the WomenCorporateDirectors (WCD) Foundation, says she’s impressed when‘directors are wandering around the company and getting a chance to ask more questions.’
Read the full article here.