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