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Optimal Board Involvement in Strategic Decision Making Process

Introduction
While the number of roles that a board fulfils varies, there are essentially two broad roles for every board. The first, and most discussed role, is its monitoring role.

The second, and much less investigated role, is the board’s service role. In this role, the board may take on direct responsibility for making major strategic decisions, such as in times of crisis or when confronted with succession decisions or it may take on a more indirect role for advising and counselling the top management team in its strategic deliberations.

Optimal strategy formation requires in-depth knowledge of the organization and its environment. This reality is a central source of the problem – how can Board Members or trustees who only operate as part-time overseers and advisors, effectively contribute to, appraise, and challenge the development and execution of the firm’s strategic orientation? In other words, what is the proper type of involvement by the board to assure the firm’s future success and longevity?

Course Content

  • Board strategic decision– making
  • Ex Ante and Ex Post Board
  • Managing conflict
  • Improving board decisions
  • Review and evaluation for optimal performance
  • Personal development
  • Tax Key Performance Indicators (KPIs)

Learning Outcomes

  • Identify the Board’s ability to scan the operating environment, think strategically and adapt as necessary;
  • Review the Committee structure and the skills and capabilities of the Board needed to meet current and future need in relation to strategic decision making
  • Review how well the Board performs its key roles and how successful it has been;
  • Develop strategies for Personal Development, Conflict Management, Time Management and Key Performance Indicators (KPIs);
  • Review the effectiveness of Board processes, relationships and its role as a team;
  • Assess the level and quality of information the Board receives;
  • Review the learning and development needs of individual board members as well as the Board as a whole;
  • Assess the effectiveness of the second tier of management and the succession planning arrangements in place.;
  • Address whether the Board provides effective support, scrutiny and challenge to the Executive Management Team; and
  • Assess the compliance of the key governance documents

 

NOTE: For our customised events all you need to do is provide us with what you want to achieve or tell us about the training requirements of the group and we will agree on a date, venue and produce a course proposal for you along with the costs. Discounts may be applicable for group booking or early birds.

Event Date Event End Date Location Individual Price Available place Register
18/01/2021 22/01/2021 Abuja, Nigeria £2,700 25
£2,700 25

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