Increased board responsibility and expanding regulatory demands mean higher expectations for board performance. The board is collectively responsible for leading and directing an organization’s activities and supervising any delegated functions to management and/or board committees. The board also has a responsibility to guide the organization’s strategic direction, set performance objectives and oversee investment decisions. In that context, board directors are required to act on a fully informed and ethical basis, both collectively and individually.

Boards benefit from ongoing development and bespoke training as a means of strengthening their knowledge and ensuring that they understand their roles enough to provide strategic oversight and drive strategic performance. Boards further benefit from commitment to regular evaluation processes achieving improved leadership, greater clarity of roles and responsibilities, improved teamwork, greater accountability, better decision-making, improved communication and more efficient board operations.