Board of Directors
The need for a strong, well-functioning board of directors has never been greater. The board’s role has become more wide-ranging, complex, urgent, and time-consuming, involving leadership and structure, composition and qualifications, availability for service, and compensation.
Business strategy, financial stewardship, risk management, diversity, management performance, compensation, and succession all remain high on a board’s agenda.
Other relevant issues assume comparable importance, including the need for boards to address fast-moving developments such as rapid technological change, innovative business models, and business disruption. Sustainability and cyber security are routinely discussed at the board level while scrutiny by government regulators and activist investors continues to increase in intensity.
What we do
The challenges, opportunities and strategic requirements of each company are the prime determinants of board member qualifications. Board candidates must have demonstrated integrity, high ethical standards, and an understanding of fiduciary duty. They need listening, communicating, and influencing skills, as well as expertise relevant to the corporation’s business purpose, financial responsibilities, and risk profile. In today’s environment, boards should have the capacity to evaluate their composition, processes, availability of timely and relevant information, culture and climate, and learning for continuous improvement.
At August Leadership, our Board of Directors Practice can help you build and enhance your board to ultimately improve its effectiveness and performance.
• Board Member Recruitment
• Board Structure
• Board Composition
• Board Orientation