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Debate over the role of the Board has intensified when things go wrong on a grand scale. When the Board spends more time looking in the rearview mirror and not enough scanning the road ahead, governance suffers.

Often, the Board Directors still spend a bulk of their time on quarterly reports, audit reviews, budgets, and compliance. However, with the change in the business environment, there is greater need to redirect the Board's attention on matters crucial to the future prosperity and direction of the business. This calls for the development of a dynamic Board that has a long-term mindset capable of creating a forward-looking agenda and activities that get sufficient time over a 12-month period. A winning Board works in the spirit of Continuous Improvement while always keeping long-term strategies in mind.

Board Excellence can be achieved with the application of 3 guiding principles. This presentation provides a thorough discussion on the 3 core guiding principles to effect Change and achieve a long-term mindset.

1. The Right Board Members
2. Clear Definition of the Board's Role
3. Greater Time Commitment from Members

Mastery of these 3 guiding principles will enable organizations to build a winning Board par excellence--a Board that can act as an effective coach and strategic sparring partner for the top team.

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Source: Board Excellence: Long-term Mindset PowerPoint document

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Upload date (first version): Nov 27, 2019






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