The Board of Directors of The Procter & Gamble Company
Procter and Gamble are one of the best performing corporations on the globe. The company has enjoyed transformative leadership. The constitution of the board of directors has played a significant role in its performance (P&G 2012). Generally, the company has shown a remarkable level of performance over a long period. It is critical to review the role of the board of directors. Apart from this, it is vital to analyze the composition and contribution of the directors. The board has an oversight obligation to monitor the affairs of the company. The board operates under the guidance of definite protocols and regulations set up both at the federal and state level. One of the most critical roles in the exercise of fiduciary responsibilities.
The board safeguards the interests of the shareholders. Ideally, they commit to enhancing an excellent mechanism of corporate governance. The policies and routine practices of the board portray a high level of commitment. Evidently, this ought to be the basic focus of most corporations. Particularly, this is appropriate within the current globally competitive era. The board offers the management crucial information regarding routine quality management practices. It is in charge of periodic meetings and critical site visits (Smith 20). Additionally, it also conducts important interactions geared towards quality improvement. Notably, the board engages in strategic planning for the company. There are also leadership development initiatives, succession planning, and quality control. The board acts as an oversight in the management of risks. To achieve these noble objectives, the board is organized into committees. There are corporate governance frameworks that play a significant role in the benchmarking of the board’s activities.
The Name, Age, Time in Office, and what Important Event, Decision they Did
Many members of the board of directors have served Procter and Gamble Company. The directors have provided unique contributions and played critical roles in the development of the company. Angela F. Braly is aged 51 and has been a director since 2009. The director has contributed immensely towards the development of transparency systems in the company. She has shared her quality experience from the WellPoint and Blue Cross Blue Shield (P&G 2012). Moreover, Ms. Braly has contributed to the development of an effective company’s relationship with the government. Kenneth I. Chenault is aged 61. He has served the company since 2008. He has brought into Procter & Gamble, (P&G), a wealth of leadership as well as financial experience. The director has played a critical role in transforming P&G’s marketing capacity.
Scott D. Cook is aged 60. David has been in the office since 2000 and has contributed significantly to enhancing technological applications and innovation. Susan Desmond-Hellmann is aged 55. She has been in the office since 2010. Her lifelong service within the financial and economic sector has enabled her to transfer critical economic knowledge to the company (P&G 2012). Having served in office from 2009, Robert A. McDonald is aged 59 and contributes a lot to the board. He has extensive experience and brings expert advice on leadership, client industry, and marketing. W. James McNerney, Jr. has been a director since 2003. At an age of 63, he has contributed to elevating the company’s global manufacturing base. He has also been able to advise the company on strategic concerns.
Johnathan A. Rodgers is aged 66 and has been in office since 2001. He has managed to contribute positively towards integrating the company with the general media through enhanced advertising and product promotion. Margaret C. Whitman is also aged 56 and has been in office since 2011 (P&G 2012). She also brings into the company crucial consumer and marketing knowledge and experience. Mary Agnes Wilderotter is aged 57. She has served since 2009. Some of her important contributions include leadership experience, technology, and strategic marketing. At an age of 59, Patricia A. Woertz is a long-serving director since 2008. She has contributed to international marketing, public relations, finance, and technological innovation. Ernesto Zedillo is another director since 2001. At an age of 60, he has played a significant role in technological development and innovation in the company.
Influential Directors and Evaluation of the Influence of their Decisions
P&G has had several directors in the past. However, few of them have remained remarkable due to their positive and transformative contribution to the company. An example of such is the director of “Consumer Research & Communication,” Mr. Paul Smith (Smith 41). Smith has made critical decisions that have enhanced the performance of the company in the past. According to him, failure only works whenever it transforms humankind forever. After making a doubted presentation, Smith conducted a personal quest in which he discovered the significance of dialogue in sharing brilliant ideas. He advanced the concept of “storytelling” in a business presentation. This idea has escalated the individual and overall performance of the company. From his observations, he reiterated the significance of context, action, and result in business.
References
P&G. The Procter & Gamble Company. Notice of Annual Meeting and Proxy Statement. 2012. Web.
Smith, Paul. Lead with a Story: A Guide to Crafting Business Narratives That Captivate, Convince, and Inspire. New York, NY: American Management Association, 2012. Print.