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Board Excellence: Long-term Mindset (PowerPoint PPT)
PowerPoint (PPT) 26 Slides FlevyPro Document
DESCRIPTION
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.
This presentation delves into the intricacies of crafting a dynamic Board Agenda, emphasizing the importance of balancing fiduciary duties with strategic foresight. It highlights the necessity for Boards to shift focus towards more forward-looking activities, ensuring that time is allocated effectively across various strategic initiatives. The PPT also outlines practical tactics for developing a long-term mindset, such as studying the external landscape, participating in strategy development, focusing on talent development, and identifying existential risks. This comprehensive approach ensures that Boards are not just reactive, but are proactive in steering the organization towards sustained success.
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Source: Best Practices in Strategy Development, Board, Mindset PowerPoint Slides: Board Excellence: Long-term Mindset PowerPoint (PPT) Presentation, LearnPPT Consulting
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