Effective Corporate Boards
(1) Create and open and engaging boardroom atmosphere
(2) Maximize the value of the board’s time commitment by establishing clear roles and responsibilities within an appropriate structure
(3) Determine the information the board needs and ensure it is delivered in a timely manner
(4) Dedicate time to strategic issues
(5) Create a transparent, explicit, and accountable executive pay process
(6) Actively engage in CEO succession planning
(7) Access the strength of the company’s management talent
(8) Monitor the companies enterprise risk management system