There is very little understanding of how chairs prepare for board meetings and undertake their role. There is no rule book and little guidance on good practice or common practices of being an effective chair. This is a critical area to pursue and share our insights to support boards improve their performance. VUCA Trusted Advisors undertook a research project engaging with chairs to gain insights into how they undertake their role. The chairs who participated were experienced with 50 per cent having five or more years of chairing and approximately 70 per cent were professional (paid) chairs.
How do chairs prepare for board meetings?
- Recent survey sheds light on how chairs prepare for board meetings.
- Seventy-five per cent of respondents utilise an annual board workplan to guide their board agendas.
- The chair setting the agenda in conjunction with the CEO and/or company secretary is best practice.