A Carver Policy Governance Guide Evaluating Ceo And Board Performance

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A Carver Policy Governance Guide, Evaluating CEO and Board Performance

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0470481056
Total Pages : 42 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis A Carver Policy Governance Guide, Evaluating CEO and Board Performance by : John Carver

Download or read book A Carver Policy Governance Guide, Evaluating CEO and Board Performance written by John Carver and published by John Wiley & Sons. This book was released on 2009-06-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Carver Policy Governance Guide series includes six booklets that offer board members a description of John Carver's Policy Governance model of board leadership. Policy Governance enables a board to fulfill its accountability to its organization's "owners," whether the owners are association members, city residents, company shareholders, or a community of interest. Policy Governance addresses the board's engagement in financial, programmatic, and personnel matters; roles of officers and committees; reporting and evaluation; agendas; and other aspects of the board job. Evaluating CEO and Board Performance offers board members information on the importance of evaluation as part of a greater systematic view of governance. The guide includes principles for effectively and honestly evaluating CEO and board performance. The Policy Governance model is based on the functions rather than the structure of a governing board. It outlines commonsense principles about governing that fit together into an entire system. The practices of the Policy Governance board, which are consistent with the principles, allow it to control without meddling, focus on long-term organizational outputs, powerfully delegate to a CEO and staff, and discharge its fiduciary responsibility in a visionary, strategic manner. Because the model is a total system, the Carver Policy Governance Guide series offers boards a complete set of principles for fulfilling their various obligations.

The Chairperson's Role as Servant-leader to the Board

Author : John Carver
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Chairperson's Role as Servant-leader to the Board by : John Carver

Download or read book The Chairperson's Role as Servant-leader to the Board written by John Carver and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the fundamental responsibilities of the chairpersonof the board: to ensure the functioning of the board and the integrity of the board process. Offers invaluable tips for helping the chair lead more effectively, such as leading the board to define its own job, design its discipline, and evaluate its performance.

Your Roles and Responsibilities as a Board Member

Author : John Carver
Publisher :
ISBN 13 : 9780787902971
Total Pages : 28 pages
Book Rating : 4.9/5 (29 download)

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Book Synopsis Your Roles and Responsibilities as a Board Member by : John Carver

Download or read book Your Roles and Responsibilities as a Board Member written by John Carver and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows how board members must be successful strategic leaders, willing to cherish diversity, strive for accountability, and pinpoint board positions, for the good of the organization. Describes the essentials of the board member's job, and relates the job to Carver's Policy Governance model.

The Handbook of Nonprofit Governance

Author : BoardSource
Publisher : John Wiley & Sons
ISBN 13 : 0470602465
Total Pages : 505 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis The Handbook of Nonprofit Governance by : BoardSource

Download or read book The Handbook of Nonprofit Governance written by BoardSource and published by John Wiley & Sons. This book was released on 2010-04-16 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE HANDBOOK OF NONPROFIT GOVERNANCE From BoardSource comes The Handbook of Nonprofit Governance. This comprehensive resource explores the overarching question of governance within nonprofit organizations and addresses the roles, structures, and practices of an effective nonprofit. The Handbook of Nonprofit Governance covers the topics that are of most importance to those charged with creating and sustaining effective leadership, including building a board; succession planning; policies; financial oversight; fundraising; planning; strategic planning processes; risk management; and evaluation of the board, CEO, and organization. Praise for The Handbook of Nonprofit Governance "This is the first book I've found that covers the topic of governance from A to Z. I know what I'll be assigning the students in my governance class as a textbook next semester!" TERRIE TEMKIN, founding principal, CoreStrategies for Nonprofits, Inc. "BoardSource has prepared an exceptional resource for nonprofit boards and leaders. This comprehensive volume offers timely and relevant information about board work and governance, including practical tools and resources that will be valuable to all types of nonprofits." DAVID O. RENZ, chair, department of public affairs; Beth K. Smith/Missouri Chair in Nonprofit Leadership; and director, Midwest Center for Nonprofit Leadership; University of Missouri, Kansas City "If you are involved in nonprofit organizations, and if you ever have doubts about how they are best run, this is the book for you-and BoardSource is the place to turn." FISHER HOWE, consultant, Lavender/Howe & Associates, and author, The Nonprofit Leadership Team BoardSource (formerly the National Center for Nonprofit Boards) is the premier resource for practical information, tools and best practices, training, and leadership development for board members of nonprofit organizations worldwide.

Transformational Governance

Author : Beth Gazley
Publisher : John Wiley & Sons
ISBN 13 : 1118976738
Total Pages : 288 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis Transformational Governance by : Beth Gazley

Download or read book Transformational Governance written by Beth Gazley and published by John Wiley & Sons. This book was released on 2015-07-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has never been so much pressure on nonprofit boards of directors to achieve a level of accountability that meets public and stakeholder expectations. Member-serving association boards may be especially challenged by their more complex affiliate structures and a greater emphasis on representative governance. But what does the journey to good governance look like? Markedly different from existing board development books, this modern approach focuses less on the behaviors and qualities of "high-performing boards" and more on the stages and processes that directors and their staff used to transform their boards. Based on research funded by the ASAE Foundation, the book fills a gap in the governance literature by emphasizing diagnosis and problem solving, using the actual tools and activities implemented by 85 transformed associations. Combining the credibility of scholarly research with lively and compelling stories, tools, and teachable moments, this book is designed to help associations and other nonprofit organizations achieve the entire journey to good governance, from first to last steps.

Inside the Boardroom

Author : Richard Leblanc
Publisher : John Wiley & Sons
ISBN 13 : 0470739959
Total Pages : 340 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Inside the Boardroom by : Richard Leblanc

Download or read book Inside the Boardroom written by Richard Leblanc and published by John Wiley & Sons. This book was released on 2010-02-10 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distinguished governance experts offer cures for what ails our boards of directors In light of corporate malfeasance in recent years, the governance of corporations has been receiving great attention from regulators, researchers, shareholders, and directors themselves. Based on Richard Leblanc's in-depth five-year study of 39 boards of directors of both for- and not-for-profit organizations, Building a Better Board goes behind the scenes to reveal the inner workings of boards of directors, including how they make decisions. Recently chosen as one of Canada's "Top 40 Under 40"(TM), Dr Richard Leblanc is an award-winning teacher and researcher, certified management consultant, professional speaker, professor, lawyer and specialist on boards of directors. He can be reached at [email protected]. James Gillies, PhD (Toronto, Ontario, Canada), is Professor Emeritus at the Schulich School of Business, York University, where he serves as Chair of the Canada-Russia Corporate Governance Program.

A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0470456086
Total Pages : 48 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member by : John Carver

Download or read book A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member written by John Carver and published by John Wiley & Sons. This book was released on 2009-05-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Carver Policy Governance Guide series includes six booklets that offer board members a description of John Carver's Policy Governance model of board leadership. Policy Governance enables a board to fulfill its accountability to its organization's "owners," whether the owners are association members, city residents, company shareholders, or a community of interest. Policy Governance addresses the board's engagement in financial, programmatic, and personnel matters; roles of officers and committees; reporting and evaluation; agendas; and other aspects of the board job. The Policy Governance Model and the Role of the Board Member sets out a clear vision for excellence in board leadership. It gives board members an understanding of the concepts and principles that are at the very heart of John Carver's innovative Policy Governance model. This guide details members' main tasks and presents the guidelines needed to transform a board into an effective group that consistently leads powerfully. The Policy Governance model is based on the functions rather than the structure of a governing board. It outlines commonsense principles about governing that fit together into an entire system. The practices of the Policy Governance board, which are consistent with the principles, allow it to control without meddling, focus on long-term organizational outputs, powerfully delegate to a CEO and staff, and discharge its fiduciary responsibility in a visionary, strategic manner. Because the model is a total system, the Carver Policy Governance Guide series offers boards a complete set of principles for fulfilling their various obligations.

Boards That Make a Difference

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 1118046706
Total Pages : 312 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Boards That Make a Difference by : John Carver

Download or read book Boards That Make a Difference written by John Carver and published by John Wiley & Sons. This book was released on 2011-03-10 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this revised and updated third edition, Carver continues to debunk the entrenched beliefs and habits that hobble boards and to replace them with his innovative approach to effective governance. This proven model offers an empowering and fundamental redesign of the board role and emphasizes values, vision, empowerment of both the board and staff, and strategic ability to lead leaders. Policy Governance gives board members and staff a new approach to board job design, board-staff relationships, the role of the chief executive, performance monitoring, and virtually every aspect of the board-management relationship. This latest edition has been updated and expanded to include explanatory diagrams that have been used by thousands of Carver's seminar participants. It also contains illustrative examples of Policy Governance model policies that have been created by real-world organizations. In addition, this third edition of Boards That Make a Difference includes a new chapter on model criticisms and the challenges of governance research.

Governing for Results

Author : Mel D. Gill
Publisher : Trafford Publishing
ISBN 13 : 1466954922
Total Pages : 186 pages
Book Rating : 4.4/5 (669 download)

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Book Synopsis Governing for Results by : Mel D. Gill

Download or read book Governing for Results written by Mel D. Gill and published by Trafford Publishing. This book was released on 2007-08-13 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: BEST SELLER This BEST SELLIING book provides a comprehensive guide to effective governance for board members and their senior executives. The author offers a new framework for understanding boards and proposes practices that boards can use to fulfill their stewardship responsibilities, strengthen board performance and improve organizational effectiveness. The book discusses the basics of governance - what it is and why it matters; essential duties and liabilities of the board and its members; and the essentials of an effective board/management partnership. It provides detailed guidance on the seven primary areas of board responsibility: i) mission and planning; ii) financial stewardship; iii) human resources stewardship; iv) performance monitoring and accountability; v) community representation and advocacy; vi) risk management; and, vii) managing 'critical events' and 'transitional phases'. It discusses the legal structure of nonprofits, who owns them and how to organize for accountable governance. Governing for Results will assist boards in dealing with recurring issues around board and committee structures; their terms of reference and effective use; and job descriptions for key officers. The discussion of board development, board management, decision-making and organizational culture will prove invaluable in helping many boards deal with these complex issues. A discussion of the essential principles of governing for results includes a logical framework for planning and evaluation. The book provides tools that can help boards decide which governance practices will best fit their particular organization and strengthen their performance as a governing body. It outlines the factors that may interfere with a board's ability to adopt appropriate governance practices and presents twelve keys to successful governance that were identified through research. It offers a sample letter of agreement for new board members, and samples of an agenda for board meetings, an oath of confidentiality, a values statement, conflict of interest and donor confidentiality policies, a template for financial monitoring, self-assessment tools for the board and individual directors and a basic guide to 'Rules of Order' for conduct of meetings. It also provides outlines for comprehensive by laws and governance policies, and references to additional resources. Although this book is intended to fill a gap in the resources available to volunteer members of nonprofit boards of directors, much of its guidance will also be useful for directors of public and private sector corporations. The strong research base underpinning this work also makes it of interest to researchers, academics, and consultants. It adds perspective to the debate about governance models and offers guidance to board members with respect to board structure, responsiblities, governance practices, and problems that commonly afflict boards. It is designed as a user-friendly guide for busy directors and executives who want concise, compact and well-researched answers to perennially troubling questions about governance, the role of boards and their relationship to staff.

The Practitioner's Guide to Governance as Leadership

Author : Cathy A. Trower
Publisher : John Wiley & Sons
ISBN 13 : 1118109872
Total Pages : 274 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis The Practitioner's Guide to Governance as Leadership by : Cathy A. Trower

Download or read book The Practitioner's Guide to Governance as Leadership written by Cathy A. Trower and published by John Wiley & Sons. This book was released on 2012-12-17 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE PRACTITIONER’S GUIDE TO GOVERNANCE AS LEADERSHIP The Practitioner’s Guide to Governance as Leadership offers a resource that shows how to achieve excellence and peak performance in the boardroom by putting into practice the groundbreaking model that was introduced in the book, Governance as Leadership. This proven model of effective governance explores how to attain proficiency in three governance modes or mindsets: fiduciary, strategic, and generative. Throughout the book, author Cathy Trower offers an understanding of the Governance as Leadership model through a wealth of illustrative examples of high-performing nonprofit boards. She explores the challenges of implementing governance as leadership and suggests ideas for getting started and overcoming barriers to progress. In addition, Trower provides practical guidance for optimizing the practices that will improve organizational performance including: flow (high skill and high purpose), discernment, deliberation, divergent thinking, insight, meaningfulness, consequence to the organization, and integrity. In short, the book is a combination of sophisticated thinking, instructive vignettes, illustrative documents, and practical recommendations. The book includes concrete strategies that can help improve critical thinking in the boardroom, a board’s overall performance as a team, as well as information for creating a strong governance culture and understanding what is required of an effective CEO and a chairperson. To determine a board’s fitness and help the members move forward, the book contains three types of assessments: board members evaluate each other; individual board member assessments; and an overall team assessment. This practitioner’s guide is written for nonprofit board members, chief executives, senior staff members, and anyone who wants to reflect on governance, discern how to govern better, and achieve higher performance in the process.

The Nonprofit Board Answer Book

Author : BoardSource
Publisher : John Wiley & Sons
ISBN 13 : 1118047486
Total Pages : 313 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis The Nonprofit Board Answer Book by : BoardSource

Download or read book The Nonprofit Board Answer Book written by BoardSource and published by John Wiley & Sons. This book was released on 2010-12-21 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Think for a moment of the best conversations you’ve had with friends and colleagues. You were honest with one another—not shy about speaking up but relaxed, even if the topic being discussed was serious in nature. That’s the type of conversation The Nonprofit Board Answer Book aims to have with you in the pages that follow. It follows a question-and-answer format, enabling you to quickly find an answer to a burning question you have right now. At the same time, it’s easy to pick up and read straight through, either cover to cover or one section at a time. At the end of each question-and-answer pairing you’ll find suggested action steps. These offer ways to put the information to a practical use on your own board and within your own nonprofit organization. Implementing some of these steps may lead to more questions as you become even more committed to fulfilling your responsibilities as a board member. Remember: behind every good answer lies a good question. So keep asking those questions.”--from the Introduction

A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0470392525
Total Pages : 48 pages
Book Rating : 4.4/5 (73 download)

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Book Synopsis A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member by : John Carver

Download or read book A Carver Policy Governance Guide, The Policy Governance Model and the Role of the Board Member written by John Carver and published by John Wiley & Sons. This book was released on 2009-04-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Carver Policy Governance Guide series includes six booklets that offer board members a description of John Carver's Policy Governance model of board leadership. Policy Governance enables a board to fulfill its accountability to its organization's "owners," whether the owners are association members, city residents, company shareholders, or a community of interest. Policy Governance addresses the board's engagement in financial, programmatic, and personnel matters; roles of officers and committees; reporting and evaluation; agendas; and other aspects of the board job. The Policy Governance Model and the Role of the Board Member sets out a clear vision for excellence in board leadership. It gives board members an understanding of the concepts and principles that are at the very heart of John Carver's innovative Policy Governance model. This guide details members' main tasks and presents the guidelines needed to transform a board into an effective group that consistently leads powerfully. The Policy Governance model is based on the functions rather than the structure of a governing board. It outlines commonsense principles about governing that fit together into an entire system. The practices of the Policy Governance board, which are consistent with the principles, allow it to control without meddling, focus on long-term organizational outputs, powerfully delegate to a CEO and staff, and discharge its fiduciary responsibility in a visionary, strategic manner. Because the model is a total system, the Carver Policy Governance Guide series offers boards a complete set of principles for fulfilling their various obligations.

Corporate Boards That Create Value

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0787964247
Total Pages : 231 pages
Book Rating : 4.7/5 (879 download)

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Book Synopsis Corporate Boards That Create Value by : John Carver

Download or read book Corporate Boards That Create Value written by John Carver and published by John Wiley & Sons. This book was released on 2002-10-10 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies John Carver's highly successful Policy Governance model to corporate boards. Carver and boardroom consultant Caroline Oliver explain the world's only conceptually coherent operating system for boards. This simple yet profound system clarifies roles, empowers directors and senior management alike, and makes accountability feasible to a previously unattainable degree. The authors suggest a redefinition and elevation of the value that boards should create and show how to apply the Policy Governance design to commanding company performance. Corporate Boards That Create Value gives corporate directors and all who care about governance a powerful tool for success.

The Director's Manual

Author : Peter C. Browning
Publisher : John Wiley & Sons
ISBN 13 : 1119133378
Total Pages : 206 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis The Director's Manual by : Peter C. Browning

Download or read book The Director's Manual written by Peter C. Browning and published by John Wiley & Sons. This book was released on 2016-01-14 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Directors: Improve Board Performance The Director's Manual: A Framework for Board Governance offers current and aspiring board members essential up-to-date governance guidance that blends rigorous research-based information with the wisdom found only through practical, direct experience. The book's flexible approach to solving governance issues reflects the authors' belief that no two boards and the cultural dynamics that drive them are the same. As such, the advice offered reflects recognizable leadership dynamics and real world, relevant organizational situations. The book's two authors, Peter C. Browning, an experienced CEO and member of numerous boards and William L. Sparks, a respected organizational researcher, combine their individual experiences and talents to create a book that is both innovative and applicable to directors in any industry sector. Specific best practice guidance is designed to help board members and their directors understand the unique strengths and challenges of their own board while at the same time provide targeted information that drives needed improvements in board performance and efficiency. Specifically, this book will help board members: Explore practical advice on key issues, including selection, meeting schedules, and director succession Consider board performance from multiple perspectives, including cultural and group dynamics Discover how to effectively manage classic problems that arise when making decisions as a group Access a comprehensive set of assessment questions to test and reinforce your knowledge The Director's Manual: A Framework for Board Governance offers practical advice to guide you as you lead your organization's board.

Joining a Nonprofit Board

Author : Marc J. Epstein
Publisher : John Wiley & Sons
ISBN 13 : 1118007190
Total Pages : 226 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Joining a Nonprofit Board by : Marc J. Epstein

Download or read book Joining a Nonprofit Board written by Marc J. Epstein and published by John Wiley & Sons. This book was released on 2011-03-23 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Joining a Nonprofit Board ""As an individual who has served on various nonprofit boards, and as the president and CEO of a large nonprofit organization, I can attest to how valuable this book is. Marc Epstein and Warren McFarlan offer insight into the expectations of nonprofit board members, which is extraordinarily beneficial to individuals considering their first nonprofit board and to seasoned professionals already serving on boards." —Gail McGovern, President and CEO, American Red Cross Excerpted from Foreword" "This book is a roadmap for the business person who wants to serve on a nonprofit board, and unwittingly assumes that the approaches that worked so well in the for-profit world can be seamlessly extrapolated to the nonprofit board room." —Roseanna H. Means, M.D., founder and president, Women of Means "A must-read for all new and existing nonprofit board members. It is full of practical advice that will help improve the effectiveness of nonprofit board members and the organizations they serve." —Roger Servison, president emeritus, Boston Museum of Fine Arts, and vice chairman, Boston Symphony Orchestra "What a powerful tool now available for anyone involved with governance of America's nonprofit enterprises. The analysis is cogent and concise, amply supported by real-life examples." —George B. Beitzel, chairman emeritus, Amherst College, and chairman emeritus, Colonial Williamsburg Foundation "Joining a Nonprofit Board offers practical advice in complementing your business experience with the nuances of nonprofit governance, performance, and management in order to fully achieve the societal mission." —Jeffrey C. Thomson, president and CEO, Institute of Management Accountants "This book will guide you through the differences between for-profit and nonprofit organizations (and boards). It will help you navigate through all the nuances in which nonprofit organizations actually operate on a day-to-day basis."—Elaine Ullian, former president, Boston Medical Center "Joining a Nonprofit Board is a must-read. This book should be required reading and distributed at the opening board meeting." —Agnes C. Underwood, former head, Garrison Forest School and National Cathedral School; vice president/managing associate, Carney, Sandoe and Associates "A Board needs a unifying and visionary objective—'It must be World Class.' This book successfully shows how to create a World Class Board." —W. Richard Bingham, former chairman, California Academy of Sciences

Organizational Assessment

Author : Charles Lusthaus
Publisher : IDRC
ISBN 13 : 9780889369986
Total Pages : 222 pages
Book Rating : 4.3/5 (699 download)

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Book Synopsis Organizational Assessment by : Charles Lusthaus

Download or read book Organizational Assessment written by Charles Lusthaus and published by IDRC. This book was released on 2002 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizational Assessment: A framework for improving performance

A Carver Policy Governance Guide, Implementing Policy Governance and Staying on Track

Author : John Carver
Publisher : John Wiley & Sons
ISBN 13 : 0470620137
Total Pages : 36 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis A Carver Policy Governance Guide, Implementing Policy Governance and Staying on Track by : John Carver

Download or read book A Carver Policy Governance Guide, Implementing Policy Governance and Staying on Track written by John Carver and published by John Wiley & Sons. This book was released on 2009-12-04 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Carver Policy Governance Guide series includes six booklets that offer board members a description of John Carver's Policy Governance model of board leadership. Policy Governance enables a board to fulfill its accountability to its organization's "owners," whether the owners are association members, city residents, company shareholders, or a community of interest. Policy Governance addresses the board's engagement in financial, programmatic, and personnel matters; roles of officers and committees; reporting and evaluation; agendas; and other aspects of the board job. Implementing Policy Governance and Staying on Track shows boards how they can apply the principles of the Policy Governance model and change the way they govern in practice. The guide cuts across various aspects of the Policy Governance model and challenges board members to move from concepts to practice. The Policy Governance model is based on the functions rather than the structure of a governing board. It outlines commonsense principles about governing that fit together into an entire system. The practices of the Policy Governance board, which are consistent with the principles, allow it to control without meddling, focus on long-term organizational outputs, powerfully delegate to a CEO and staff, and discharge its fiduciary responsibility in a visionary, strategic manner. Because the model is a total system, the Carver Policy Governance Guide series offers boards a complete set of principles for fulfilling their various obligations.