BUY WITH CONFIDENCE
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.
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Source: Best Practices in Strategy Development, Board, Mindset PowerPoint Slides: Board Excellence: Long-term Mindset PowerPoint (PPT) Presentation, LearnPPT
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OVERVIEW
ABOUT THE AUTHOR
Additional documents from author: 83
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients clients that range from Fortune 500 companies to startups to $1B+ private companies.
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