The effectiveness and quality of performance of the Board of Directors, irrespective of ownership status and size of the organization, was lately brought under greater scrutiny due to stakeholders’ increasing expectations, challenges faced by companies to operate under overly competitive and fluctuating economic conditions along with increased EU regulatory requirements.
The adoption of solid governance structures by an increasing number of Boards has created a strong basis for their operation, however the focus has turned to the Board’s effectiveness. Effectiveness in what? The answer lies with the Board’s duty to monitor company performance.
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