What is good about BAD?
Confused? Here is a peek into an elective that ran for over two days and gave learning's that will last for well….decades at least.
The elective was Being a Director (BAD) and Murray Steele - Senior Lecturer in Strategic Management was steering it. My guess is that almost all MBA's, with just a few exceptions, aspire to become a director in a firm at some point of time in future. Think again! Was the message I received from this elective. Not that being a director is a bad thing, it is just that most students like me tend to miss out on the not so known aspects about the life of a Director. The objective of this elective was exactly that - show us the real face of such a role.
The elective was introduced to us in what I called an "evening show" - starting at 1830 hours. This Day 1 started with a quick introduction by Murray Steele and then inviting the guest speaker for the evening, Mr Paul Lee - Associate Director with Hermes UK. His session covered the Board governance, remuneration and a few other aspects about Directorship. We were also introduced to Higgs Review - the corporate governance code. On Day 2 we discussed a case study on Corporate Governance and the principles applicable. In the second half of the day we had another guest speaker - Mr Stephen Kimbell - partner in one of the best legal firms and corporate deal arrangers. This case revolved around a real example in which Stephen was personally involved. It was a very unusual case involving many angles to the story that like many others I became highly engrossed in absorbing the information that was coming our way. The case covered the legal aspects of being a director. This session and the case continued on Day 3 morning.
The first half of Day 3 also covered exit strategies and due diligence. It was as if the entire class had been thinking about the fascinating case that involved a millionaire and his Thai mistress who did shady deals. There were questions galore for Stephen to answer to. After this thoroughly enjoyable session, we were joined by a Cranfield alum - Thomas Lane (MBA 1997). Thomas is a turnaround professional who conducts financial and operational restructuring to stabilise businesses and help them improve performance. His session too, was an intriguing session and gave lots of insights. I am sure a few of us even started thinking this as a potential career, specially where such a profession is in its nascent stages.
The last session of the day and the course was taken by Murray which covered removing directors and the roles and responsibilities of Non executive directors.
The elective ended with a very appreciative class of students asking for more. This truly, was a top class course and now we have to work in self selected teams to write a group report to be submitted within next 4 weeks.
The elective was Being a Director (BAD) and Murray Steele - Senior Lecturer in Strategic Management was steering it. My guess is that almost all MBA's, with just a few exceptions, aspire to become a director in a firm at some point of time in future. Think again! Was the message I received from this elective. Not that being a director is a bad thing, it is just that most students like me tend to miss out on the not so known aspects about the life of a Director. The objective of this elective was exactly that - show us the real face of such a role.
The elective was introduced to us in what I called an "evening show" - starting at 1830 hours. This Day 1 started with a quick introduction by Murray Steele and then inviting the guest speaker for the evening, Mr Paul Lee - Associate Director with Hermes UK. His session covered the Board governance, remuneration and a few other aspects about Directorship. We were also introduced to Higgs Review - the corporate governance code. On Day 2 we discussed a case study on Corporate Governance and the principles applicable. In the second half of the day we had another guest speaker - Mr Stephen Kimbell - partner in one of the best legal firms and corporate deal arrangers. This case revolved around a real example in which Stephen was personally involved. It was a very unusual case involving many angles to the story that like many others I became highly engrossed in absorbing the information that was coming our way. The case covered the legal aspects of being a director. This session and the case continued on Day 3 morning.
The first half of Day 3 also covered exit strategies and due diligence. It was as if the entire class had been thinking about the fascinating case that involved a millionaire and his Thai mistress who did shady deals. There were questions galore for Stephen to answer to. After this thoroughly enjoyable session, we were joined by a Cranfield alum - Thomas Lane (MBA 1997). Thomas is a turnaround professional who conducts financial and operational restructuring to stabilise businesses and help them improve performance. His session too, was an intriguing session and gave lots of insights. I am sure a few of us even started thinking this as a potential career, specially where such a profession is in its nascent stages.
The last session of the day and the course was taken by Murray which covered removing directors and the roles and responsibilities of Non executive directors.
The elective ended with a very appreciative class of students asking for more. This truly, was a top class course and now we have to work in self selected teams to write a group report to be submitted within next 4 weeks.
posted by Sandeep Gupta at
9:03 pm
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