Does my institution need a board? Who should form the board? Where to find them? Effective boards set standards of performance and knowledge for each director.
Beyond your job, play a key role and put your skills to work for the company. Meet the challenges of the boardroom with renewed confidence and take your career to the next level.
1. Revised strategic plan The pandemic has reduced most plans, and management should present shorter-term plans that can be overseen by the board. Good boards will ensure, especially in times of disruption, that management presents a phased plan, with board input, that reflects changing circumstances. The values, purpose, vision, mission, business model, key performance indicators […]
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Accurate, complete and timely information is the oxygen of effective boards. Without it, directors cannot ask informed questions of senior management, mitigate risks or make good decisions. Non-executive directors, in particular, must insist on receiving quality information before a board meeting so that they can discuss issues. Internal and external information on market conditions, competitors, […]
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Directors need to understand and approach cybersecurity as an enterprise-wide risk management issue, not just an IT issue. Directors should understand the legal implications of cyber risks as they relate to their company’s specific circumstances. Boards should have adequate access to cybersecurity expertise, and discussions about cyber-risk management should be given regular time on board […]
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