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2 results

Boards of Directors in Disruptive Times
  • Improving Corporate Governance Effectiveness
  • Jordi Canals
  • Published online:
    16 November 2022
    Print publication:
    03 November 2022
  • The current business context of disruptive, accelerated change requires a new framework for understanding how boards of directors can best support their organizations. In this book, Professor Jordi Canals presents a new model of effective governance, positioning the board of directors as the steward of the firm's future development, and focusing on the notion of corporate purpose. Canals argues that boards of directors should focus on strategy and corporate transformation, CEO and senior management development and succession, the board and the firm's culture, the board as a team, the engagement of shareholders and critical stakeholders, and the firm's overall impact. Moreover, for boards to be effective, directors must develop new competencies. Drawing on well-grounded theory and international case studies, this book outlines a new, holistic model of boards of directors, offering a pathway to effective governance that will enhance companies' reputation and success.

  • 6 - From Board Structure to Boards as Effective Teams

  • Jordi Canals, IESE Business School, Barcelona
  • Book:
    Boards of Directors in Disruptive Times
    Published online:
    16 November 2022
    Print publication:
    03 November 2022, pp 221-253

  • Summary

    In Chapter 6, I argue that the new generation of boards needs to go beyond monitoring senior managers to work harmoniously as a team capable of addressing the firm’s challenges. The process of turning individual board directors into a high-performance team is complex. This chapter explores how the collegial dimension of the board’s efforts can translate into effective teamwork and team development, concurrently strengthening the impact of the team as whole and contributions from individual members. Moreover, the very nature of boards of directors’ role – limited dedication, diverse backgrounds and sporadic meetings – requires boards to work collaboratively with the CEO and the top management team. The board of directors appoints the CEO and, depending on the firm’s statutes, confirms the key executive appointments the CEO wants to make. This decision should be founded on professionalism and trust. A constructive and highly professional relationship between the board of directors and the CEO is essential.