Building a Better Board: The Keys to High Performance

The DCRO Risk Governance Institute

Positively embrace risk to improve company performance

In the third publication in the Building a Better Board series, the DCRO Institute examine five key factors behind boards' successful performance and how to evaluate whether your board meets the standard.

Every company stakeholder, from employee to customer, supplier to investor, is interested in seeing a board of directors operate as a high-performing team. A fully functioning board is critical to value creation, innovation, and sustainability – and remaining relevant in a time where stakeholder interests, news, regulation, competition and public perception evolve at lightning speed. More than ever, the pressure now is on boards to drive value.

Board effectiveness depends heavily on interpersonal dynamics, the diversity of its members, and how much energy and effort each director invests into their oversight responsibilities. It requires hard work to stay relevant. But in addition to time and energy, a successful board director must invest curiosity into the role. This means looking inward and evaluating opportunities for growth and education with an open mind.

So, what contributes to any board's success, and does yours exhibit these qualities?

Read the full publication here.

To access other publications, including others in the 8-part series, please visit the DCRO Institute's website.