A EX LISTED Company Secretary writes...
We have been looking at the way our Board functions (having had a number of new Non-executive directors join the Board recently) and would like to get a comparison against other companies on; –
- How often does your Board meet, and why?
- How long are your Board meetings, and why?
- What does your Board spend their time on:
- Within Board and Committee meetings?
- Outside of meetings?
How often does your Board meet, and why? 6 scheduled meetings (around reporting requirements), several more ad hoc (depending on what’s going on)
How long are your Board meetings, and why? Between 3 and 6 hours (meetings are longer when there are no committee meetings)
What does your Board spend their time on: More operational and performance than strategy unfortunately; a fair bit on reporting and governance
Within Board and Committee meetings? As above
Outside of meetings? People matters and succession