
Board Value Index Reveals Low Confidence In Board Effectiveness
Nearly half (46%) of Directors in the US and UK believe their Boards do not contribute enough to their organisations, with 31% saying their Boards provide no value at all. Of this group, half believe their Boards actively hold the business back.
The Board Value Index, conducted by Board Intelligence, surveyed over 200 executive and non-executive directors from companies with revenues above USD 50 million across the United States and the United Kingdom. A third of Directors said Board time focuses mainly on reviewing past activity, with only 21% reporting a balance between forward- and backward-looking discussions. Confidence in Board decision-making was low, with corporate finance and legal areas seeing the highest confidence levels at 33%. Differences between UK and US Directors were also noted in Board sentiment and perceived effectiveness.