Board effectiveness

Board effectiveness refers to how well a company's board of directors fulfills its role of guiding and overseeing the organization. An effective board provides strategic direction, makes informed decisions, monitors management performance, and ensures accountability. It fosters open communication, balances diverse perspectives, and aligns actions with the company's goals and stakeholder interests. When the board operates effectively, it helps the company navigate challenges, seize opportunities, and achieve sustainable success. Essentially, it's about having a group of committed, knowledgeable individuals working together to support and steer the organization wisely.