Effective Boards and Governance

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
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
Are you taking advantage of your board as an innovation catalyst to help your company grow faster and create more value?

PROOF POINTS

BRIEFINGS