Boards aren't just guardians of tradition

To reach ambitious goals, a company’s board of directors must be more than just a collection of seasoned executives.

It needs to be a force for innovation, a partner in transformation and an engine of change.

The board's role isn't about revisiting past glories but about steering towards the future.

To effectively support a company's North Star, a board needs:

F𝗼𝗰𝘂𝘀 𝗼𝗻 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻
Boards must seek to enhance their understanding of emerging technologies and market shifts.

𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 𝗮𝗻𝗱 𝗼𝗽𝗲𝗻𝗻𝗲𝘀𝘀
Different perspectives fuel creative solutions and encourage disruptive thinking.

𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝘃𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝗮𝗻𝗱 𝘀𝘂𝗽𝗽𝗼𝗿𝘁
Boards should foster open, even challenging conversations that allow productive conflict.

𝗦𝘁𝗿𝗼𝗻𝗴 𝗖𝗘𝗢 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽
The board should actively develop and support the CEO, helping him or her lead not just in performance but also in transformative change.

A board of directors can’t simply “be there”; it needs to challenge itself and its member's role in view of current and future performance. A well-aligned board that uses the North Star to champion what’s next will make management stronger and the company more resilient.

Boards are not just guardians of tradition. They are champions of what’s next.

❓Is your board ready to steer the company in the right direction?