Board performance dashboard
It's an enterprise wellness indicator that guides and prompts the board to assess, probe and, if necessary, reset direction.
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IN A PREVIOUS article ("Governing for performance", BT, June 13), we showed that the fundamental role of a board is to govern for performance.
Boards need to understand that stakeholder expectations extend beyond mere conformance with policies, rules and regulations, to sustainable value creation. In other words, a board must not only ensure that the company is legally compliant and socially responsible, it must also deliver dependable and improved all-round performance.
So much for the theory. But how does the board achieve this in practice? A classic framework casts the board's performance role in terms of three duties (the 3Ss) and three tasks (the 3Ps).
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