A good board is a good decision-making forum, not just a collection of strong names.
The board should be composed based on your strategy, ownership and industry, and its members should complement each other. Just as important, the board must be able to debate openly and work well with management and owners.
We work in five steps
- Preparation – Dialogue with owners and the current board.
- Composition – Which competencies are missing?
- Recruitment – The right candidates are found and engaged.
- Acceleration – A team programme that builds trust and common ground.
- Status – Follow-up on how the board is working.
The research behind it: A board’s value depends not only on its members’ competencies, but on whether they are actually used: engagement, open disagreement and knowledge sharing in the board’s work (Forbes & Milliken 1999).