The effectiveness of this firm’s board was being hindered by the inexperience of the management team, who did not understand the role of a board in a regulated subsidiary and who consequently were not equipping it with the opportunities and the information to enable good discussion.
We ran a series of workshops for managers, to enable them to understand what the board needed to do and how it could add value to management, and how management could facilitate this with better board papers and presentations. The workshops included practical exercises in producing and presenting papers, with feedback not only from us but also from the independent non-executives who took it in turns to participate.