Directors’ Consortium

Directors’ Consortium

[MUSIC] The Director’s Consortium is an intensive
three-day program that we put together with Stanford GSB and
Stanford Law School. It consists of all directors, and we cover
a variety of fundamentals of corporate governance, as well as
some of the emerging and contemporary topics that
directors confront in their job.>>I bought probably 50 companies. I’ve been bought myself ten times. Pretty much thought I knew everything. And then going through the process, I’d
realize, well, I don’t know everything, just seeing how other directors
deal with similar situations.>>As board directors, you get yourself
in big trouble when you stop learning and when you start thinking
that you know a lot. You do, but you don’t know at all.>>The sessions are highly interactive. We understand that directors
have a wealth of experience, so we want them to share
that experience with us.>>The environment here is so
conducive to open discussion.>>This provides a good forum for
us to kind of let our hair down and say, this is my situation,
that’s your situation.>>You hear other stories from long time
directors, new directors, big companies, small companies. All of those perspectives come together to
just give each participant a really rich understanding of the nuance that a single
problem can have as it manifests itself in different types of companies in different
boardrooms with different personalities.>>One of the distinguishing features of
our program is that the discussion and the topics are research-based.>>The faculty here is very engaging. They teach in a manner that you
are not just thinking about what they are teaching, but
also reflecting upon your experiences. They have a way to elicit conversation.>>We want to provide information about
what’s likely to happen going forward, how regulations are going to change, what’s
going to have a dot Frank, say I’m paying.>>One of the new things you’re going to
watch out for going forward as a director, not everybody that applies gets in and we try to keep the enrollment
down to about 50.>>As we go back to the board room,
these are rules of thumb, these are tools, toolkits that will be applicable not
just today, but really years from today. And they apply across every board.>>We’re looking for people that want to
spend the time, really do the material, and come into class ready to
discuss the stuff in detail.>>I’m going to go back with lots of
ideas for best practices of how we can run the board by even being a better
leader myself in my current job.>>Without a doubt, it was worth coming. [LAUGH] And without a doubt,
I’ve enhanced my skill set by being here.>>When I think about
the boards that I sit on and what I brought to those boards before
this course and what I will bring to the boards after this course really
shows that there is a lot to be learned. [MUSIC]

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