Board Development Case Study
Moving from operational management to strategic oversight
A board of a publicly listed company had focused its efforts for close to two years on operations to move out of a financial crisis. After restructuring the business, the board knew it needed to shift from an operational to strategic focus.
A formal review of the board’s role, composition and supporting processes highlighted needed changes in the board’s skill mix and respective roles of the Executive and Non-Executive Directors. The review combined with individual feedback to Directors and facilitation by Praesta of the board helped to shift the dynamics to a more effective and rewarding board.