In light of the increased pressure on chairs to ensure engagement and contribution of board directors, we asked survey participants about the best way to measure board effectiveness and the individual contributions of directors.
The time commitment board directors and chairs need to invest in their board work has increased significantly, and we expect this trend will continue. To appropriately compensate board work, it is essential to dive deeper into companies’ expectations of board directors.
An essential part of board work is done in its committees, making it necessary to understand the types of committees that have been established and if these committees mirror their importance both now and in future board work.
There are indications that the composition of boards is changing due to the increasing complexity of board work. To meet the new challenges that accompany these changes, it is essential that boards are set up accordingly.
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