DESCRIPTION
The amount of time Board Directors spends on their work and commit to strategy is rising. Directors say they dedicate more time now to their Board duties than ever before. In fact, since 2011, the Directors have cut in half the gap between the actual and ideal amount of time they spend on Board work.
In a recent global study of Corporate Boards, the results showed that strategy, on average, is the main focus of many Boards. Yet, Directors still want more time for strategy when they consider its relative value to their companies. This is more than any other area of the Board work.
This primer provides the Board and Management the essential guide and foundation towards as value-creating Board on its way to achieving Board Excellence. It discusses current trends that are evolving regarding the Board, guiding principles, and the 3 types of Boards.
1. Ineffective
2. Complacent
3. Excellent
Board can have high or very high impact on company value. Hence, it is important in today's world that Boards are effectively equipped in the performance of their functions.
This deck also includes slide templates for you to use in your own business presentations.
The Board Excellence Primer also delves into the critical aspect of time allocation, showing a marked increase in the number of days directors now spend on board work compared to previous years. This shift underscores the growing importance of strategic involvement and performance management. The PPT highlights how effective boards are those that continuously adjust strategies based on changing conditions and set comprehensive frameworks for performance reviews.
The primer categorizes boards into three types: Ineffective, Complacent, and Excellent. Each type is analyzed based on their impact, task performance, and operational alignment. Excellent boards are noted for their high impact on value creation and their superior effectiveness across various tasks. The document also emphasizes the importance of a strong culture and feedback mechanisms, which are pivotal for achieving board excellence.
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Source: Best Practices in Strategy Development, Board PowerPoint Slides: Board Excellence Primer PowerPoint (PPT) Presentation, LearnPPT Consulting
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