Datum: 2023-10-26 Verleger: 紫鸽电气 Durchsuche: 667
In addition to hiring, supervising and firing top managers Boards are also accountable for ensuring that management is performing at a high level and keeping the company on track with its strategic goals. They also provide direction and support to the CEO as well as ensure that the company is in compliance with regulatory bodies and ethical standards.
Most boards focus on the big picture, similar to like a jet that is flying at 30000 feet. A CEO is similar to a pilot flying at 2,000 feet and making adjustments as necessary.
The most important function of boards is to formulate the overall strategy of a company and then to work in an organization to implement it. They can be very useful during times of crises. “No CEO is an expert in every area,” says Brotherton. “But the board provides them with an unbiased, strategic view and can guide the company through challenging waters.”
Some of the most valuable contributions that board members make is through their professional networks. A board member who has extensive experience in business or industry practice could connect the company with beneficial resources including potential strategic partners, investors and advisors.
A board member who is successful can offer constructive challenges and positive feedback on issues of strategic importance including organizational investments, performance evaluations, program funding and policy formulation. Your career will be significantly affected by the chance to improve your governance skills and gain corporate credibility. In addition, the chance to build a strong network of professional connections can create opportunities for you in both the private and public sectors.
https://theseboard.com/how-smaller-boards-benefit-from-board-portals/
