Board effectiveness: Lessons from companies to trustees
Good governance is crucial to all boards, whether they oversee a FTSE 100 multinational, a multi-billion pound pension scheme or a national charity. There is no one-size-fits-all approach to how boards should be run but we have learned that there are plenty of ways to evolve and enhance effectiveness.
Through our experience with some of the most successful boards of British companies, we have found a number of key areas which could further improve pension boards’ effectiveness
Our Corporate Governance team have met with hundreds of company boards with a single purpose in mind: to ascertain whether they are effective in the stewardship of the company.
We know that pressures from executives, stakeholders, as well as the day-to-day oversight of the company, the role of a non-executive board member has never been more demanding. The increase in regulation and complexity of modern defined benefit and defined contribution schemes has concurrently increased the workload of pension trustees. Through our experience with some of the most successful boards of British companies, we have found a number of key areas which could further improve pension boards’ effectiveness.