How can governance excellence translate into stronger business performance?
Minneapolis corporate governance attorney, John Stout, discusses how board performance translates to good business results.
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Well first, let’s say that governance excellence is driven by Board composition. You’ve got to have tremendous talent on the Board and the directors have to as far as Board work goes have a philosophy and actually achieve continuous improvement and high performance as a Board. Because that really means when you take the Board responsibilities, one of which is choosing the CEO, another is challenging strategy, and overseeing the overall performance of the organization, you’ve got to have strong people in the governance role. And that will, in fact, translate into having the kind of management team that will deliver the performance that the owners and stakeholders of the business seek.