Role of non-executive directors in strategic decision-making

COMPANIES' business strategies are of increasing importance to boards and command more of their focus.

In the recent SID-SGX Singapore Board of Directors Survey 2015, the top three areas identified by boards to be most important and that should take up the majority of the board's time moving forward are: business performance, strategy development and strategy execution. Compliance, risk management and other aspects of corporate governance come further down the rankings.

Not surprisingly then, more than half (55 per c…