Board effectiveness is an untapped driver to enhance and protect value. This is about much more than meeting legislative requirements. It involves ensuring the right Board composition and leveraging that diversity and collective expertize. It involves ensuring the management team has the right strategy, purpose, leadership and culture to enable sustained performance. It requires managing an increasingly diverse set of risks. It entails driving value in new ways, to meet the needs not just of shareholders but an expanding set of stakeholders.
This can only be achieved by the Board focusing on the right issues in the right way, with skill, curiosity, courage, and connection. How a Board operates, makes decisions and sets the tone is as critical as what it focuses on.