The composition of the board must create value

A board must be composed on the basis of several parameters. The strategy, objective, need for development, ownership, and not least the line of business has significant importance for the company.

At the same time, it is decisive that the board room is a space with capacity for constructive debate and an efficient decision-making process, in which all members can speak freely and be able to put their individual mark on the dialogue.

Satisfying and productive board work happens when the board is composed of members who can both match and supplement each other’s competencies and experiences. The board must as a whole possess relevant and adequate knowledge along with professional experience in terms of the company’s demands.

Additionally, it is important to assemble a board which has the capability to engage in efficient and qualified dialogue with the company’s executives and owners. Also in terms of aligning the board’s work with the company’s strategic development and future opportunities.

We focus on five sub-processes in co-cooperating with and assembling board of directors and advisory boards:

1. Preparation
   We conduct a thorough opening dialogue with owners and the current boar
2. Composition
   The need for supplements and/or renewal must be acknowledged and matched in terms of the company’s strategy and demands
3. Recruitment
   The proper candidates must be found, motivated and introduced.
4. Acceleration
   With new members on the board, common ground and mutual trust must be created. This can be accelerated by an organised team process.
5. Status
   Follow-up and status in terms of how the board is functioning and whether or not the wanted progress is happening.

The strongest and most efficient composition of boards often happens through a professional, planned and thorough process integrated with acceleration of how the board works as a team.

Please feel free to contact us, and we can in unity find a solution that fits your needs.