Bridging Effectiveness Gaps
A Candid Look at Board Practices
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Effective board oversight demands current and relevant information, however, there are sometimes gaps between what management communicates and what the board needs to know. The information flow between management and the board may not always be perfect, and board committees may have similar troubles bringing the full board “up to speed” on certain issues.
The purpose of this white paper is to address these issues and to offer some tips and strategies to improve communications between the full board, C-suite and committees with four focus areas: strategy and risk, executive compensation, CEO succession planning and board evaluations. These areas are traditionally of high importance to board members yet have also presented challenges. While the executives and directors focused predominantly on the effectiveness gaps, other topics arose addressing general board difficulties. It is important to also highlight these areas of concern. The candid, and often surprising, comments are captured within.