Thông tin chi tiết
The dimension of board management effectiveness of the board assessment process examines the processes used by the board to manage the agenda of the board meetings, and the distribution of written reports. It is crucial to ensure that there are clear responsibilities with timelines and measurable outcomes for every item on the agenda of the board.
Another important aspect to consider is the ability of the board to recognize and respond to business risks and challenges in a timely manner. Boards need to be flexible in their approach, whether it’s shareholder activism, or cyber-security.
In addition, the capacity of the board to support and encourage the CEO and senior management team is vital in helping them complete their day to task. A thorough evaluation of the board can help in reestablishing the precise role and purpose of the C-Suite and the board of directors to ensure that everyone is working toward the same goal.
The board’s knowledge of business is broader than just the information they receive from management and includes their own research into customer, supplier and other key stakeholder interactions, trends and economic challenges and opportunities. Board members are also able to visit the websites and engage with http://yourboardroom.ne management in a casual manner between meetings to get direct information.
The board is well-organized and understands the information management framework that has sufficient detail that allows for informed decision-making. This could include a board report and notice matrix that clearly defines the issues that require board oversight (mission-critical) and those that don’t (management matters). It could also be beneficial to have a governance matrix that spells the proper role of the board in relation to each of these areas.
