Pushing Strategy Ahead of the Other Stuff
The Agenda article, "Pushing Strategy Ahead of the Other Stuff," featured Russell Reynolds Associates research on board behavior. The article is excerpted below.
In private conversations, many board members confide that they’re frustrated that they often run short of time in board meetings without adequately discussing strategy. They say those conversations get short shrift while they spend time making sure their managers are compliant with regulations and are managing risks.
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Russell Reynolds Associates, the executive search firm, found that most boards — whether they’re average or highly effective — top out at 240 hours per year on board-related work. The high-performing ones, however, use more of that time to dig into strategic assessment and planning. Meanwhile, they delegate mundane duties to appropriate committees.