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Building a better board and the benefit of director self-assessments

Joe Mont | February 4, 2019

Joining a corporate board has always been seen as a plum assignment that offers both financial benefits and an ego boost for well-connected executives with a proven track record of managerial and strategic success.

Current realities are dulling the glamorous sheen. Being a director these days is hard work, complicated by ever-escalating scrutiny, controversy, and liability.

“In today’s world of unrelenting disruption and innovation, a company’s board plays a more active role than ever before in overseeing strategy and risk management amid digital and emerging technologies, industry convergence and workforce transformation, shifting consumer attitudes, increased climate risk, diminishing trust in organizations, political polarization, rising income inequality, and various other megatrends shaping the business environment,” is how EY’s Center for Board Matters assesses the situation in a new report, “Top Priorities for Boards in 2019.”

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