Business Model and Practices > Strategy, Leadership, Boards and Governance
Successful boards and governance systems help companies continuously innovate, rather than focus only on monitoring and performance
Successful boards and governance systems help companies continuously innovate, rather than focus only on monitoring and performance
Innovative Practices
- Adopt board-level innovation governance to steer and sustain innovation, including monitoring and addressing company's innovation initiatives and challenges (Jean-Philippe Deschamps, Innovation Management.se)
- Become knowledgeable of relevant disruptive practices from competitors or other industries, determining how board can help company deliver customer and shareholder value
- Leverage technology-enabled tools to track and collaborate around company initiatives, goals and achievements continuously
- Involve board in key business processes, such as technology investments, culture, talent development and branding (McKinsey, 2016)
- Spend more time on agenda items helping to drive company initiative, rather than only performance-monitoring functions
Books and Other Recommended Sources
- The Handbook of Board Governance: A Comprehensive Guide for Public, Private, and Not-for-Profit Board Members, by Richard Leblanc (2016)
- Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage, by Ram Charan (2005)
- 10 Best Board Practices on Innovation Governance – How Proactive is your Board?, by Jean-Philippe Deschamps (2015)
- The ‘Why’ and ‘How’ of Driving Innovation Through Corporate Governance, by Thomas Furst (2015)
- The CEO guide to boards, by McKinsey Quarterly (2016)
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Received Report or Discussed Employee, Customer or Board Member Social Media Usage Over Past 12 Months Deloitte Board Practices Report found only up to 12% of companies received reports on social media behavior of employees, customers and board members in 2016 July 18, 2017 |
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Topic Coverage in Board Meetings Strategy and regulatory compliance top topics discussed in board meetings, according to NYSE Governance Services and Spencer Stuart survey July 17, 2017 |
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Board Effectiveness in Selected Functions Spencer Stuart survey found board directors rated themselves higher in process and knowledge functions, but with less confidence on people management July 16, 2017 |
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Importance of Strategies in Building Diverse Corporate Boards Board directors surveyed by Spencer Stuart ranked leveraging board members and CEOs to champion diversity as most important strategies to build more diverse boards July 16, 2017 |
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Board Cybersecurity Awareness Level Deloitte corporate governance survey discovered large cap companies' boards have greater level of cybersecurity risk awareness compared to smaller firms July 15, 2017 |
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