Key Take-Aways - November 2, 2017

Key takeaways

The critical outcomes from the inaugural Board Leadership Forum are:

• Society has moved from local and linear to global and exponential.

• In parallel, society is also moving from a scarcity model to a model of abundance.

• Board chairs play a critical role in ensuring their board and company have the right culture and skills in place to think through these new paradigms of business.

• Board composition must be a strategic effort, aligned with the needs of the business, which recognizes that the world is changing rapidly and requires new skills and insights not necessarily offered by the typical director profile.

• How the board spends its time must be thought through strategically to allow time for debate and deliberation.

• Finding directors with “emotional ownership” becomes critical to success.

• In this context, the role and responsibilities of the board chair have changed,

• requiring new leadership from the chair/lead independent director.

The meeting summary is available for download here.