cover image: There's a Wide Gap Between Boards and Management. How to Close It.

20.500.12592/sphqq7

There's a Wide Gap Between Boards and Management. How to Close It.

30 May 2023

The issues management has raised anonymously in the survey should spark candid discussions not just in the boardroom among directors, but between the board and management. [...] And when directors think one of their colleagues should be asked to step down, it can be because the director is either too deferential to management or oversteps the role of a board member. [...] In addition, boards can conduct periodic assessments of the performance of individual directors, as is becoming a more common practice in the S&P 500. [...] When it comes to what knowledge directors bring to discussions, the good news is the C-suite survey showed the majority of executives believe their boards have a firm grasp of corporate strategy, business risks and opportunities, and the competitive landscape. [...] The C-suite should provide regular, data-based reports on the state of the company’s relationship with, and expectations of, investors and other key stakeholders.
Pages
4
Published in
United States of America