Purpose Led Boards

How do Purpose led boards strike a balance between being risk adverse and being positively proactive? How do Boards encourage a ‘can do and will do’ attitude among senior management and their staff? James Bagge draws an interesting parallel with the winning approach adopted by the England Test team that is delivering results!?Read the full article

This month the FCA issued Decision Notices in relation to Carillion Plc and its Former Executive Directors.?Although the FCA’s conclusions are subject to appeal to the Upper Tribunal it already seems likely that there are some important lessons for NEDs arising from the collapse of Carillion Plc. including the need to be vigilant in relation to the quality and content of management information (MI). The FCA is clear in its view that the executives were not providing adequate, accurate and complete information to either the Board or the Audit Committee. NEDs need to make judgements not only on the information they are seeing, but also as to the information they should be receiving from the executive.?Read the full article

Further reading:

CEO's must be constantly aware of disruptive forces that could upend their business growth models. This requires a delicate balancing act between protecting the core business and investing in new areas of opportunity. Read the full article

Boardroom readiness is more than just being qualified for the role. There are certain learned behaviours and attributes that make an effective director. Read the full article

We welcome your thoughts on these topics or any you would like us to include in future editions, so please share your comments by emailing?[email protected]. We hope you find these insights useful.?

Until next month.