Why Good Boards Behave Badly - Improving Your Board’s Performance Through Best Practice Boardroom Behaviours
High-performing boards know that organisational sustainability is reliant upon vigilant monitoring of key performance indicators. Similarly, boards need to review their performance against best practice governance frameworks.
However, one critical corporate governance indicator of best practice is often overlooked.
The unexpected board performance indicator
In 2009, Sir David Walker1 reviewed corporate governance in UK banks in light of corporate collapses. The terms of reference for the review were broad with the government seeking recommendations for a framework for best practice corporate governance.