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“It is a reasonable assumption that successful boards will share some common characteristics, as will failing boards. The challenge is to identify these factors before success or failure occur. This book, evidently based on Didier Cossin's years of experience with boards around the world, goes a long way in doing so. The Four Pillars of Board Effectiveness will be an inspiration for many boards and their directors, as they consider how they can further strengthen their governance, enhance their effectiveness and ensure their success.”
– Paul Bulcke, Chairman of the Board of Directors, Nestlé S.A. (Switzerland); Vice-Chairman, Board of Directors, L'Oréal (France); Member, J.P. Morgan International Council
"Didier is one of the true leaders in academia on governance, with extensive practical experience from his engagement with many management teams and boards across the world. His Four Pillars of Board Effectiveness offers a simple yet practical approach to making the most out of the boardroom."
– Robert Maersk Uggla, CEO, A.P. Møller Holding A/S
An important distillation of Didier Cossin’s insight and expertise on effective governance. As a long-time follower of his work, I am glad to see Prof Cossin publish this comprehensive guidebook to governance that transcends both geography and sectors. From stewardship of strategic objectives, to managing and structuring risk, the importance of board diversity and more, the lessons are at once practical and essential for any board member.
– Peter Maurer is the President of the International Committee of the Red Cross
“It is inspiring to read Professor Cossin's monograph, High Performance Boards. His conclusion for board governance – the Four Pillars of Board Effectiveness is classical, profound and impressive. The full time Non-Executive Directorship has enhanced the effectiveness of state-owned and -affiliated financial institutions in China. However, the Four Pillars remain the direction for us to achieve better performance and successful transformation just as all other organizations.”
– Xueling Huang, Deputy Head, Comprehensive Management Department of Central Huijin Investment Ltd, China Investment Corporation; Executive Director, Central Huijin Asset Management Ltd
"This is the bedside book any board member should read and reread. Building on his extensive and deep experience, Didier pragmatically helps us to challenge our ways of interacting around the board table and establish a multi-dimensional frame in order to foster the best decision making. Every page calls into question one's practice and pushes each of us to avoid biases and revisit his/her ways of thinking for the ultimate benefit of the company."
– Barbara Dalibard, Lead Independent and Chair of Compensation and Appointments Committee, Michelin Group
"Educational and refreshing to the brain, where page after page relate to something one has experienced. The themes are wrapped up and packaged in a very practical way. Overall, it is not a book to read once then shelve, it is something that directors need to read from time to time to ensure protection from drifting with personal habits."
– H.E. Abdulsalam Mohammed Al Murshidi, President, State General Reserve Fund of Oman
“Professor Cossin has got it spot on. His four-pillared ‘temple’ of board effectiveness is brought to life with the boardroom adventures of Joanne Marker. Indeed his construct has two outer buttresses that centre around people. Their quality, focus, dedication and also how they interact with each other dynamically to produce a governance culture of excellence. One hopes that right-minded and passionate directors or would-be directors will read this book and say ‘I want to be a John or Joanne Marker when I grow up!’”
– Teo Swee Lian, Chairwoman, CapitaLand Mall Trust; Board Member of AIA, Singtel and Dubai Financial Services Authority; former Deputy Managing Director Monetary Authority of Singapore
"This book offers a complete and enlightening review of current board governance practices and challenges. The approach and framework it offers are as pertinent in the east as in the west in establishing high performing boards."
– Hsieh Fu Hua, Chairman, ACR Capital Holdings Pte Ltd; Board Member of GIC, Singapore and Grab Holdings, Singapore; Chairman of the National University of Singapore and National Gallery of Singapore
“The foundation of High Performance Boards is set in the Values and Character of its members. Didier brings this critical point front and center.”
– Ann M. Fudge, former Chairwoman and CEO, Young & Rubicam Brands; Board Member of Novartis and Northrop Grumman Corporation, US; Chairwoman, WGBH Public Media, US
"Professor Cossin has developed the concept of board effectiveness based on his latest research. Intellectually stimulating, this book provides practical guidance to cope with unique challenges associated with governance of institutions. This book is therefore a must-read for board directors of companies, governmental organizations and NGOs."
– Kumiko Matsuura-Mueller, Chairwoman of the United Nations Federal Credit Union (USA)
“Didier Cossin brings huge direct experience to bear in his fascinating analysis of what makes a good board. Integrity, hard work, collegiality and independence of judgment matter hugely as personal attributes of board members as does a collective ability to focus on strategy, management support and risk in all its forms matters at the board level itself. And if that sounds easier said than done, read this book. This board member felt wiser and more daunted by the end.”
– Lord Mark Malloch-Brown, Chairman, SGO (UK); Board Member of Investec, Seplat Petroleum and Kerogen; former Deputy Secretary-General and Chief of Staff, United Nations; former Minister of State in the Foreign Office
"Board work is demanding. Good governance requires a personal sense of accountability and responsibility from all involved. Didier's work with boards of different organizations in many jurisdictions has helped him author this practical guide that will be of great support to chairs, board members and board secretaries alike."
– Beat W. Hess, Chairman, LafargeHolcim (Switzerland); Chairman of the Compensation Committee, Nestlé S.A
“Didier Cossin's book explains how Governance can be a key factor for companies’ success. It's a must-read for all board members!”
– Lorenzo Bini Smaghi, Chairman, Société Générale; Board Member, TAGES Holding
“What impressed me most is the comprehensive coverage of every aspect of board work in a way that is solidly grounded in every day's practice in boardrooms around the world. As such, the book is a must read for every aspiring board member, but also has a lot to offer for even the most seasoned board member with a curiosity for learning and continuous improvement.”
– Gerard Kleisterlee, Chairman, Vodafone Group Plc; Deputy Chair and Senior Independent Director, Royal Dutch Shell; Chairman, ASML
“Creating a culture of exchanges and constructive challenges among the board remains one of the most inspiring roles for a Chairman. Making sure that members feel accountable for the sustainable success of the firm must be the overarching purpose guiding this inspiration.”
– Michel M. Liès, Chairman, Zurich Insurance; Board Member, Institute of International Finance (IIF)
“The book is a comprehensive and practical guide to key issues relevant for all boards aiming to improve their decision-making processes. There are many useful takeaways on how to increase the dynamics in the boardroom.”
– Olaug Svarva, Chairwoman, DNB ASA (Norway); Chairwoman, Norfund; Board Member of Investinor and Institute of International Finance (IIF)
“Thank you, Dr Cossin. Board members needed this book for a long time. This work will assist board members to understand their responsibilities better.”
– H.E. Dr. Mohammed bin Hamad bin Saif Al Rumhy, Minister of Oil and Gas, Sultanate of Oman; Chairman, Petroleum Development Oman; Chairman, OQ; Board Member, SGRF
“This book offers valuable insights on what it takes to be an effective board. It facilitates a deeper understanding of the range of challenges and dilemmas that boards are faced with and offers guidance and best practices for how these might be addressed. Didier's elucidation of board structures, processes and culture as key elements of quality board interaction and decision-making is timely and instructive. The checklist at the end of each chapter is a useful reminder of the many dimensions of board effectiveness and provides a quick tool for self-evaluation. This book is essential reference for boards navigating through today's era of uncertainty and greater operational complexity, with the attendant new areas of potential risks and accountabilities.”
– Tan Sri Zarinah Anwar, Chairwoman, Institute of Corporate Directors Malaysia; former Chairwoman, Securities Commission of Malaysia
“I have known Didier Cossin for 14 years. He has always been close by during my executive and supervisory careers. The experience he has built, through academic research and real-life sharing with likes of “Joanne Marker,” myself and others, have allowed him to develop and expand a top-of-the-class, practical and applied science of Corporate Governance. The IMD Global Board Center is today ‘the’ governance reference for current and potential board members, and this is Didier's greatest achievement.
Having managed a number of serious crisis during my supervisory career, I can only recommend Didier's book which is a very up-to-date inventory of the skills required to be an impactful board member or chairperson in today's challenging world.”
– Michel Demaré, Deputy Chair, Louis Dreyfus Company; Board Member of Vodafone and Astra Zeneca; Chair of the Supervisory Board, IMD
“The free market system has created the largest aggregate economic growth in human history. However, the serious problems created by its excesses and structural limitations have become painfully apparent. Prof. Cossin's granular understanding and insights on enterprise governance, contemporary risks and challenges and, most importantly, his perspective on stewardship are extremely valuable in achieving the maximisation of long-term stakeholder value – the ‘holy grail’ of modern enterprise. This book is borne out of Prof. Cossin's extensive experience across sectors and geographies – a must-read for committed enterprise directors and trustees.”
– Francis Estrada, Board Member, Philam Life (Philippines); Chair, Institute of Corporate Directors (Philippines)
“When reading this book, I recall the inspiring sessions conducted by Professor Cossin for Effective Board Practices. This topic is extremely attractive and well accepted by the boards who want to bring value to the company. The board is a publicly exposed body of the company, which is influenced from inside and outside. Diversity, board dynamics and culture on the one hand, and growing number of stakeholder interests, reconsideration of business purpose and economic trends on the other. The environment inevitably creates challenges for the board and the governance specialists.”
– Oleg Tsvetkov, Managing Director - Corporate Secretary, Sberbank, Russia
“High Performance Boards is the most insightful book I've ever read on corporate governance. It is a brilliant, comprehensive and thorough practical guide that shows how boards do function, but it is also much more than that: it describes with vivid accuracy and real company cases and real-life anecdotes how boards should really function. A must-read for anyone who wants to look behind the curtain and learn about the actual dynamics in the boardroom and, in particular, about the relationship between the Chair and CEO – one of the most important aspects of Corporate Governance."
– Pierre Vareille, Chairman of the Board, BIC S.A.; Board Member of Etex SA, Ferroglobe plc and Outokumpu Oyj; Co-Chairman and Founder, The Vareille Foundation
“High Performance Boards is ‘the companion’ – the guide you need. Of course, you will find in this book all the dos and don'ts for your daily board work. Professor Cossin takes you well beyond the checklist. More than anything else you will be inspired by the leadership dimension – the moral compass. What you will see in these pages are your values in action as you serve in the boardroom.”
– Diane de Saint Victor, Chairwoman of Compensation Committee, Altran; Chairwoman of Nomination Committee, Natixis