Factors in Future-Proofing Your Board
A wake-up call
Most boards are open to reflecting on how they are performing and whether any changes are necessary. For many Covid was a wake-up call for directors to check in and query if their board is ready to tackle other future challenges and seize opportunities.
Initiating a Check-up
Some of the factors worth exploring include:
- Organisational Design
- Keeping Up-to-date with new trends and practices
- Board composition
- Technology
- Visionary Foresight
Organisational Design โ the Aim
Ideally, organisational design is aimed at creating an organisation structure which is more likely able to achieve its goals optimally. To do this, it supports the establishment of an appropriate hierarchy, with clearly up-to-date and captured roles and responsibilities descriptions