A board of directors is the senior management of a company and has 3 roles.

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1. The Board of Directors shall put together the Executive Board, including the framework, tasks and interfaces between the Executive Board and the Board of Directors.

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2. The Board of Directors shall monitor a number of factors, including the company's capital preparedness, risk management and management, etc.

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3. The Board of Directors acts as sparring partner for the Executive Board and it is precisely in the role that the Board of Directors creates the most value.

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However, one problem that often arises is that many meetings end up as the drawing shows below. Too much time has passed with backward-looking things, controls or anything else it reminds more of operational problems.

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Therefore, we always recommend that board meetings be built around an agenda that reflects the strategy the company works based on - it can be complicated as there are often many documents involved, but fortunately MakeMyStrategy™ is now available to both management and board:-)

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Concrete tool that gets to the heart of the matter without the mess

Lone Sejersen

Chairman of the board in several companies