Posted: December 14, 2015 by Robert Craven
Are our boards as good as they could be? I fear not. I fear they are falling short.
772 directors were surveyed by McKinsey:
The crux of the matter:
Are all the members of your board (or senior management team) able to:
My experience is that many board members (not you!) struggle to give a half-decent definition of what ‘strategy’ or ‘marketing’ is.
So, how on earth are they expected to produce or recommend a decent strategy themselves?
Thought For the Day
A quick audit of your board processes, members and their activities should help you to understand where you are falling short. (And what is the consequence of your shortfall?)
I suggest you look at the McKinsey report Improving Board Governance as well as the HBR report Where Boards fall Short. Or look at this video on the Strategy Workout I deliver to the CEO/MD groups at Vistage, ACE and MD2MD.
Let us know how you get on and if you see an issue, let us help!
About the Author:
Robert Craven (@robert_craven) is an international Keynote business speaker, author, consultant and owner of The Directors’ Centre, a consulting and training company which helps owner-directors run the business they want to run.
His latest book Grow Your Digital Agency, which provides the business fundamentals that every growing agency needs to address, is now available.