Governance, or the quality of decision-making at the very top of organisations, is central to organisational success. It can not only drive commercial performance, but also foster a culture of positive social impact and economic value creation.
However, boards often fail their organisation – typically in the areas of risk oversight, strategy, the selection and support of the CEO and senior management, and integrity. Making boards more effective, therefore, is crucial to improving governance around the world.
In a world of geopolitical conflict, division, and social and economic uncertainty, now more than ever, boards need to adapt their own governance practice to anticipate and confront the challenges that lie ahead and steer the organisation with clarity.
High Performance Boards is a comprehensive manual for mastering best practices in modern governance, offering pragmatic guidance on improving board quality, accountability, and performance.
Author Didier Cossin is a professor of governance at the Institute for Management Development. He draws upon more than thirty years of experience working with boards across the globe to assess and improve governance – in large global companies, sovereign wealth funds, government bodies, international organisations, non-profits, family businesses, and tech start-ups. Prof Cossin reveals his Four Pillars of Board Effectiveness
methodology: the quality, diversity, focus, and dedication of individual directors; sophisticated information architecture; well-functioning structures and processes; and healthy group dynamics and board culture.
This book covers both the diagnosis and treatment of governance problems and provides directors with a practical guide to making their boards more effective:
- Part I introduces the Four Pillars of Board Effectiveness methodology used to assess governance health.
- Part II addresses the most common areas of governance failure, and how boards can guard against these.
- Part III looks at the importance of board leadership and the role of the chair in ensuring quality governance.
- Part IV is a compendium of best-in-class governance practices, with each chapter covering a specific aspect of board work.
High Performance Boards has inspired more than 3000 board members around the world and is essential reading for professionals and managers interested in governance and board members, senior managers, investors, lawyers, and students of governance.
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