Being a Director Part 4
Increasing Board Effectiveness and Adding Value
Key focus areas
An effective board
· Different leadership styles
· Board governance frameworks-charters, codes, policies
· What are the questions board should be asking themselves?
The role of the board of directors
· The board as agent
· Managing vs directing
· Governance duties – King III principles\
Director selection and removal
· The process for director selection
· The importance of succession planning
· Balance on the board
· Characteristics of good directors
· Induction and ongoing training
· Directors remuneration
· Removal of directors
Effective meetings
· The importance of well structured board agendas
· Characteristics of effective meetings
· Common meeting problems
Board committees
· The role and mandate of board committees
· The benefits of having board committees
· The typical board committees (including statutory and non-statutory board committees)
· Coordinating the roles and responsibilities of board committees, particularly audit, risk and social & ethics committees
Board appraisals
· The requirements for doing board appraisals
· The benefits of doing board appraisals
· Board appraisals process
· Acton items from results of board appraisals
|