McKinsey & Company released earlier this year their latest report into what is a value-creating board. The full report and commentary can be found here, but following is a selection of quotes and highlights and challenges for your board. Striving Boards: Rate particularly well at strategy and performance management, and …
Board Members – How Long is Long Enough?
Sunday, February 28, 2016How long should someone be a member of your board? Until recently conventional thinking was to cap someone’s tenure at 9 years. It was felt that any longer and the member would become “captive” to management and no longer be considered independent. Some national regulators already impose such restrictions on …
The Answer is Involvement
Sunday, May 10, 2015But what is the question? The question centres on what makes the best directors (or Executive Committee members). Research by McKinsey research and published in the Harvard Business Review Online (Read it here) have found that there are no shortcuts to being a very effective director. In fact, the latest …
‘Pro Bono’ Boards
Monday, May 12, 20147 Steps for Effective Pro Bono Boards Many NFP Boards are comprised of directors and members who graciously volunteer their time and skills. These ‘Pro Bono’ Boards are still required to function at the same level as professional boards all be it with much more limited resources. A recent article …
Representatives on Boards
Monday, March 3, 2014Many Not-for-Profit (NFP) boards have representatives of other entities either as directors or members, frequently in an ex-officio capacity. These “grey directors” are not executive directors, or members, but nor are they strictly independent. Perhaps they could be viewed as a type of “institutional investor” who, while having a very …
Presenting Annual Reports to The Board
Monday, February 3, 2014Each year the Board of your company is required to consider and (hopefully) approve the annual report, including the financial statements. Governance Institute of Australia has prepared a best practice guide for companies to assist them in this process, including sample minutes for the requisite actions. While the guide can …
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