An Untapped Potential
Is your board effective or operating at less than its full potential and how might this show?
Various activities may influence a board, causing it to operate below its potential. These factors may include:
- lack of clarity about the director and/or board roles
- under preparation for meeting from information overload
- issues being backward rather than forward looking
- inappropriate board composition
- poor alignment and reporting against the strategy
- ad hoc assessment of CEO performance
- lack of process to evaluate board performance
- opaque insights into risks, compliance, and regulatory matters
- inadequate professional development among board members
- lack of organisation performance benchmarking rigour.
The factors mentioned above are the more obvious and impactful in hindering or undermining a board’s effectiveness in governance.