Executive Session: The Directors & Boards Podcast Executive Session, Episode 22: Jonathan Foster, Mary McBride and Dave Garrison
Jul 22, 2025
Jonathan Foster, a corporate governance expert and author, discusses key governance challenges and strategies outlined in his book. Mary McBride shares insights on managing CEO transitions, detailing the board's critical role during these shifts. Dave Garrison emphasizes the importance of board effectiveness and how great leaders can inspire employee engagement. They explore the evolving landscape of ESG principles and the necessity for boards to balance activism with stability, highlighting the need for clear communication and alignment in today's complex corporate environment.
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Board vs CEO Roles
- Boards oversee management, strategy, and financial controls while CEOs manage day-to-day operations.
- Directors must be well-prepared, ask insightful questions, and exercise courage to approve decisions.
Investor Influence on Governance
- Institutional investors now own over 80% of public stocks, shaping governance significantly.
- Boards must balance different investor objectives and engage constructively with activist shareholders.
Prepare Boards for Crises
- Boards should have crisis plans ready and rehearse them regularly for unexpected challenges.
- Risk management involves identifying and mitigating risks before crises occur.
