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There is inevitably a large section of a Board Effectiveness Review which focuses on risk. Many questions ask how a Board anticipates, identifies and manages risk.
A recent article in the Harvard Business Review on "building resilience" in organisations made me wonder whether there is an additional way of assessing this.
Too much focus is placed on the “science” of Board Effectiveness and not sufficient on the “art” of it. This is because most Boards focus on the process, systems and framework elements of governance, which are essentially the science, and pay less attention to everything else, which is the art!
Boards are not hugely different from any other group in terms of the things they feel comfortable discussing and the things that they don’t. Observe any sports club or charity committee, any family, any group of friends or any senior leadership team or Board and there will be a familiar pattern.