Are You Prepared For Your Next Board Meeting?

Last year, according to the 2015-2016 NACD Public Company Survey report, directors, on average, spent 248 hours on board-related matters – or approximately one full month a year. Committee Chairs require significantly more time to do the job well. This trend has been increasing since 2007. Strategy has always been one of the most important agenda items for boards. However, more recently, directors are being called upon to participate in the ongoing creation and monitoring of strategy. This role requires more engagement and active participation from the board — not just holding strategy meetings once a year, but making strategy an ongoing agenda item on a regular basis in order to identify new opportunities and to manage risk.