It seems like a director’s oversight responsibility is ever increasing and without an end in sight. From company history and policies to financial forecasting, boards are bombarded with information on the organization that they serve and the industry they are competing in. In this busy environment, can you be sure that your board is getting the information it must know to make sound decisions and justify them to shareholders and stakeholders? What can boards do in order to get the information they need to do their jobs properly?
Boards are ethically and legally responsible for the oversight of the organization’s day-to-day operations. Directors are purposefully brought in as outsiders to provide a fresh perspective on the strategic direction of the organization. Given this outsider nature, directors are automatically subject to relative information poverty. It is critical for boards to have processes in place to allow directors to access the right information, at the right time that will serve specific instances. Advice on information-gathering is easy to come by; harder to find are principles that make sense of it all and that can help boards stay ahead of the game.
Join us as Dr. Chris MacDonald provides a framework and outlines practical steps for directors to take to ensure that they’re getting and using the right information in the right ways. After this one-hour session, participants will walk away with a list of best-practices boards can adopt to ensure better use of information, and in turn, better governance.