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ARTICLE · 30 AUGUST 2021

What's The Value Of Your Board?

The value of a company's board of directors can be defined through the kind of support, expertise, and insight they bring.

CanadaCorporate/Commercial Law

The value of a company's board of directors can be defined through the kind of support, expertise, and insight they bring.

How well they work with the CEO of the company and add value is essential. On paper, a board's most important role is to provide oversight and challenge the CEO in steering the company strategically. By assessing the board's strategic planning and seamless flow of board deliberations, you can understand how valuable the board's contribution is to the organization's sustainable success.

While it is vital to a company's success for the board to help steer the company strategy, several challenges are to be overcome in practice. Boards must find a way to be active (providing oversight) and maintain high credibility with their CEO. Achieving this will allow the board and its members to fully contribute to strategy discussions. Although the focus of the board is governance,  it can help you innovate, improve organizational performance, and even

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