My column last month outlined the kind of information boards of directors need to execute their responsibilities, viewed from the director’s perspective. This month I want to continue that discussion, but looking at the opposite side of the coin: what information chief executives, chief compliance officers, chief risk officers, and other top executives should be providing to help directors in their oversight activities.
The most important information provided to a board comes directly from the company’s CEO, both in board meetings and off-line. Experienced CEOs recognize that most directors are smart, skilled, insightful individuals who can recognize messages behind the ...