…AND EXPERIENCES Board members should collectively possess these skills and experiences CATEGORY CRITERIA Executive Leadership President, Chief Executive Officer or senior officer of a business who has: experience leading an… Continue Reading Dust off your Matrix Skills
…page: a high-level summary of the issue, background, options for consideration, an overview of alternatives considered, the rationale behind recommendations, alignment with strategy, financial and risk-related implications, anticipated stakeholder feedback,… Continue Reading Board Packages you Want to Receive
…knowledge in key areas (e.g., industry knowledge, business knowledge, financial acumen) Observable, behavioural characteristics (e.g., preparation, strategic perception, boardroom contribution, boardroom style, interaction with management) 6. How will the feedback… Continue Reading Customize your Approach to Peer Evaluation (PT 2)
…interfere with the exercise of a member’s independent judgment”[2] Audit Committee: Your board must have an audit committee, composed of three independent[3] and financially literate directors. Additional Good Practice As… Continue Reading Is your Board Ready to go Public?
…layoffs and potential short-term disruption to results? What about the staff who liked the old way (after all, they had enjoyed enormous financial benefit)? How would you ensure that the… Continue Reading The Boards’ Role in Change – Giving the CEO Space to Lead for Success
…confidentiality agreement. 4. Compensate Your Advisory Board: Depending on whom you are asking and how involved you need them to be, compensation can vary from just providing food to covering… Continue Reading 10 Tips When Building an Effective Advisory Board
…businesses purpose aligning with social purpose is also deeply connected to the idea of long-term business sustainability (financial, social, environmental, etc.) and therefore long-term financial results. Strong, clear purpose and… Continue Reading 2019 Was the Year of Purpose. Will 2020 Bring Balance? (Pt 1)
…relationships with stakeholder groups. They discuss and assess the strength and sustainability of the organization’s social license to operate to secure a viable future beyond financial value creation. How does… Continue Reading Purpose Driven Board (Pt 3)
…of meetings, physical presence, etc.; also consider whether other activities are tied to the event or meeting (e.g., member or shareholder updates, director elections, financial audit, etc.) Consider any policies,… Continue Reading Beyond The Virtual Board Meeting – 10 considerations for Hosting an Engaging Online Event
…meeting to review quarterly financial statements and receive regular reporting, using an online platform that supports information sharing and group discussion. The board might meet separately to discuss emerging strategic… Continue Reading Evolving Board Practices in a Virtual World
