CIMA, UK published a discussion paper on "Enterprise governance - Restoring boardroom leadership" in Jan 2010 which focusses on Corporate Leadership
. This paper sets out how boards can be more effective and challenge management confidently.
The key conclusions in the report
- Boards need an integrated approach to effective leadership.
- Directors must incorporate behavioural and structural factors.
- More attention must be paid to psychological factors contributing to board performance: creating a challenge culture, succession planning and effective risk governance
.
- There must be rigorous, regular and systematic board evaluation.The model proposed by this report could provide a useful input to the board evaluation process.
- The board’s relationship with external stakeholders, particularly shareholders, is crucial. By focusing on its own effectiveness and contributions to the long-term sustainability of the organisation, a board will serve those stakeholders.
Read the full paper. Click here
Do you like to be updated in Accountancy ?
Click here to get updates by Email in your inbox
Or
or Follow me on Twitter
You may also like to read
Comments