Your world as a director has suddenly changed. You've seen members of other boards take the heat when their companies imploded. The managements of Lehman Brothers, Bear Stearns, Merrill Lynch, and Washington Mutual clearly failed, but so did their boards. Now the board of every company beset with problems is coming under scrutiny.

The pressure is on. Your board must own up to its accountability for the performance of the corporation. Governance now means leadership.

Boards must change their modus operandi to address the new and complex issues that are emerging. These include

• Ensuring liquidity in the context of the global financial crisis
• Setting CEO performance targets in a very uncertain economy
• Assessing strategy and enterprise risk under extreme volatility

Read more about Owning Up>>

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In Leadership in the Era of Economic Uncertainty, Ram Charan helps you steer your business through the minefield of contracting markets, cash shortages, and ongoing uncertainty. No matter what your leadership role, Charan's insight will help ensure that your business emerges leaner, stronger and well in front of the competition. Read more>>

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Ram Charan is now a Senior Fellow at Wharton.  Join Ram, Wharton faculty, and an elite group of your global peers in any of these four Wharton leadership programs. Together, we’ll explore new ways to guide your company through complex market conditions, broaden your professional network and find workable solutions for your current business challenges.

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New article in FORTUNE by Ram Charan
 The New (Recovery) Playbook
Jeff Immelt, Andrea Jung, and other CEOs are ditching the waiting game and writing their own rules for a rebound, Fortune, August 2009
(adobe reader required)
Or view article online at fortune.com.
 

Read articles by Ram Charan on Yahoo! Finance