How to build a high-value board

This webcast featured a discussion on how the CEO–board relationship is evolving and ways that boards can increase the value they bring to their organizations. 

On Tuesday, August 16, the EY Center for Board Matters hosted its next Better Questions for Boards webcast designed to provide directors with insights and questions to consider as they engage with management on a variety of complex boardroom issues.

Most directors continually seek to identify actions and opportunities to further nurture their relationship with the CEO and management. To learn more about how they are doing this, Ernst & Young LLP and Corporate Board Member conducted a survey of 251 public company directors. This CPE-eligible webcast highlighted findings from the survey and provided considerations for boards as they seek to enhance the strategic value they bring to the companies they serve.

The discussion included a review of survey key findings, including:

• The challenges of the past two years have bolstered the CEO–board relationship and underscored the value of the board.
• Boards spend the most time overseeing financial matters and traditional topics and less time on strategic topics such as cyber, innovation and disruption.
• Boards need to bring enhanced knowledge and insights by providing more external perspectives in their oversight role.
• Company performance is the best way to assess board effectiveness.