How To Achieve Directors’ Full Potential
Four pilot projects can help build confidence, trust and rapport by gradually involving the board more deeply in key decisions and sharing more information.
Four pilot projects can help build confidence, trust and rapport by gradually involving the board more deeply in key decisions and sharing more information.
It may not be a topic directors are eager to address, but boards should expect shareholders to raise the issue more frequently as calls for greater director accountability and more frequent board refreshment continue to grow.
“Focus on the things you can control,” says Ellen Kullman, who, as lead director of United Technologies, helped guide the company during a tumultuous transformation.
Boards should rethink and reimagine how they govern in this moment when all norms are being challenged.
As boards look to review management’s and its own response to the Covid crisis, directors should consider incorporating that review into the board’s annual evaluation process. Here’s how.
In good times and bad, the core mandate of a board is unchanged: Ensure the future success of the organization. That requires a diverse range of people and perspectives to capture the full mosaic of emerging trends.
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