In this article, I would like to focus on Board excellence issues.
One of the duties of the Board of governors is to ensure that it puts in place a competent Management to implement the organization’s strategic plan. Once that is in place…what next? The answer of course, lies in the Board providing strategic guidance and authorizations so that the organization can derive value from the pool of competence that it has put in place.
The various stakeholders in the organization are keen to see return on their investment, growth and value on the bedrock of assurances from the Board that the company will be managed in their best interest.
The Board must position itself for delivery and equip itself with the necessary leadership attributes and skills, decision making processes, ethical behavior and so on.
Boards of governors are encouraged to transcend the pomp associated with being a member of the Board as quickly as possible and get down to the work they were appointed to perform.
Considering that implementation of their decisions is not the problem, Boards should aspire to be peak performers and develop a culture that promotes achievement of purpose motivated by an attitude that is visionary and inspires confidence!
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