The imperative for corporations to develop and maintain high-performing boards has never been stronger, thanks to pressures fueled by continued globalization, disruptive technologies, economic and regulatory trends, activist shareholders, and other uncontrollable forces.
High-performing boards provide wise counsel and insights during the development of new corporate strategies and business plans that are focused on capturing a disproportionate share of future industry value creation, while also proactively developing bulletproof CEO succession plans and sustainable business models. The most progressive companies are setting a new agenda, built around achieving and sustaining boardroom excellence. This typically includes a greater commitment to board succession planning, director evaluations, board composition and diversity, and other policies that today define best practices in corporate governance. But a valuable set of resources is routinely overlooked.