Boards and chairs are facing unprecedented challenges and opportunities. Driving input on key topics from sustainability to diversity to digital transformation, board members are expected to guide efforts to optimizing the business in the short term as well as how to reinvent it for the future.
The ideal board composition and structure should balance long-serving members and their knowledge of the organization with newer members. In both cases, focusing on the competencies required of good board members will help drive board effectiveness.
Purpose and Strategy
Composition and Structure
Core Board Responsibilities
Risk Management
Board Culture
Board and CEO Partnership
Board Meetings
Future Priorities
Our Approach
DHR’s Board Architecture program is a three-phase approach that includes:
Provide client with full data request and scoping of requirements
Review current business plan documents and governance
Review current compensation for executives and board directors
Define peer group comparators by class, size and industry, along with business stage
Understand available equity pool and value
Review full financials
Develop full board needs assessment and “fill-to-skill” framework
Establish director specifications for each seat
Develop board seating plan with mix of advisory board members from current set and private equity investors, reps and outside directors
Develop full slate of candidates for each role
Screen prospective board members
Provide initial recommendations for advisory board
