Annual Meeting of the Swiss Board Forum Association: How to increase Board Effectiveness and Inclusion?
Each year Board Directors from across Switzerland gather to discuss the most important topics. This year Board Effectiveness was in the spotlight and the MU Board & CEO Practice team ran workshops on how to evaluate and improve Board performance. (See images from the event here).
What to do â and not do â to secure an Effective and Inclusive Board for your organisation:
To answer these key questions, participating Board Chairs and Non-Executive Directors added their insights to data collected from the MU BoardScanâ¢. (MU BoardScan⢠is a research-based framework and tool that provides a sound basis for an MU Expert to analyse a Board and work on increasing Board effectiveness). The result of the day was a comprehensive summary of Board Effectiveness best practice. Read on to see the findings from the event...
What is best practice in testing and developing BOARD EFFECTIVENESS?
According to MU survey data, an alarming 13% of Boards donât review their effectiveness. Most Boards (62%) do - and they do it themselves via their Chair. Only 25% do it with expert external advisors. The Participants at this year meeting decided this was not sufficient, and Boards need objective scrutiny and continual professional development â with a special focus on the following:
The Board Task
The Board Members
The Boards Teamwork
The Boards Impact
What is best practice in test and improving Board INCLUSION?
Participants reported that CEOs and owners are not always ready or open to discuss Inclusion and Diversity â it is often misunderstood as tokenism. When it is actually about including diverse perspectives around the Board table to improve decisions. Participants experienced that start-ups Boards are more open to looking outside 'the club' for Board members. But all Boards should be. Inclusive leaders with different experiences outperform Boards made up solely from 'the club', and Boards set the culture. Â
Board Task
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Board Members
Board Teamwork
Board Impact
What are the âNO âGOâsâ when it comes to testing and developing Board effectiveness?
Board effectiveness is difficult â and there are mistakes that participants at the Swiss Board forum had experienced. Learning from others challenges accelerates development.
Results from MU Data and Participant Discussions â the NO GOâs of Board Effectiveness and Inclusion
Board Task
Board Members
Board Teamwork
Board Impact
Top Three findings from the MU research with Swiss Board Forum
In conclusion, Swiss Board forum members raised a broad range of important considerations regarding both best practices and pitfalls in building effective and inclusive Boards. The main takeaways will no doubt depend on your situation. However, the following top three issues were raised at this yearâs event: