Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage

Part Three

Contributions That Count

The tools and habits of Progressive boards help boards transcend their legal mandate and get to the fundamentals of the business. Identifying the critical issues and carving out time for them, combined with good board dynamics and the efficient use of information, allows boards to add value to the company. This is the joy of work for committed directors and a huge benefit to all the corporation’s stakeholders.

The board’s proper participation can make a huge, positive difference in five areas. The following chapters present best practices in each of these areas:

• The right CEO and succession

• CEO compensation

• The right strategy

• The leadership gene pool

• Monitoring health, performance, and risk

These areas ...