What distinguishes an OK Board from a great one?
The disruption caused by COVID-19 has (or should have) resulted in Boards reviewing all aspects of their strategy and the way in which they operate. While senior teams may conclude they have the relevant logistics and processes in place which ensure the business can operate effectively in a post-pandemic world, what distinguishes an OK Board from a great Board are people and culture. Critical for high performing/effective boards is having the right people in the ‘room’ with the capabilities for taking the business forward underpinned by a culture which encourages respectful challenge and open dialogue.
