What is your board’s role in company strategy? The board of directors exists to safeguard the company’s and stakeholders’ interests and ensure value creation in the short as well as long term. As part of that role, it is responsible for the company’s strategy and for following up on its execution. So HOW should …
How to involve your board at the right level in company strategy Read More »
Did you know your board is responsible for evaluating and strengthening implementation of the company’s diversity policy? In the corporate governance guidelines of many countries, it is recommended that the board be responsible for ensuring relevant diversity in the company, not only on the board itself, but also within top management and at the …
The board is responsible for diversity at the company Read More »
Boards and companies often feel weighed down when handling and reporting on corporate governance. It can seem like a heavy burden to comply with the recommendations / code and is often taken as a “tick the box” exercise. Sometimes boards even try to handle assessment of compliance in one meeting, as if that will …
Boards should value the chance to improve corporate governance Read More »
Boards are becoming accustomed to annual evaluations, but they do not always evaluate the board chair. It can be tough to evaluate the board chair, so here are some considerations on how to do it well. The chairperson’s leadership of the board is critical, as it is his or her ability to set the …
Do your Audit, Nomination, Remuneration or other committees have updated charters setting out the roles and responsibilities of each committee? Have these been discussed and agreed at board level? Your board committees should have updated charters. As described in our recent article What is a Board Charter and why is it important?, committee charters (sometimes …
Questions the Board should ask the CHRO (to ensure talent management rather than crisis management!) One of the board’s responsibilities is to ensure that the company has the human competencies to execute its strategy. The board needs to feel confident that the company is promoting, recruiting, and retaining competent leaders and paving the way for …
How are the Danish C25 companies doing on gender diversity? Here’s a topline view of the results of our parent company Leadership Advisor Group’s February 2021 desk research on the status of gender diversity at the top publicly listed Danish companies. This is the first time this research is put together for the Danish …
Gender diversity on boards and executive management teams of C25 Read More »
Did you know your Board is responsible for having a backup plan for replacing the CEO? Imagine this scenario: You are on the board of a large, publicly listed company, and the CEO of the company unexpectedly resigns, or worse, becomes ill or unable to perform the CEO duties. It is the board’s responsibility …
Backup plan for replacing the CEO: does your board have one? Read More »
Please do publish details about your board of directors! Big, publicly listed companies don’t always do a great job describing their boards of directors to the public. Some probably think it’s not relevant. Others may not have realized what an important opportunity they are missing. Describing the significant experience and track record your board …
Why should your company publish details about your board of directors? Read More »
Are you new on the board of directors? Just starting your first board member role? Do you feel like everyone else knows the ropes, but you aren’t sure quite where to contribute or how to fit in? Here are some tips for first time board members. Our parent company Leadership Advisor Group helps companies …
