Growing high-performing private companies through the implementation of governance requires three critical elements: selecting appropriate directors, following a defined methodology and applying an effective process. If done well, these three elements drive the creation of value and tangible business performance. The board meeting is only one dimension of the governance process, yet is central to the flow and effectiveness of governance. Doing this part of the process well can shift a business positively – for both the short and the long term. If you want to increase the value of your board process, consider focusing on these basics.
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