The Savvy Director Blog

Who owns technology awareness in the boardroom? This post emphasizes shared responsibility and proactive engagement with tech issues.

Would you agree that staying on top of technology developments shouldn’t be left to the one tech-fluent director on your board?

Just as it’s no longer acceptable to defer all the responsibility for understanding the financial statements to the accountant on the board, I feel that keeping up with the techies has to become a shared responsibility for all board d...

This blog expands on foundational risk concepts by exploring how boards oversee risk governance systems. It highlights the importance of risk culture, risk appetite, and independent assurance.

Recently we re-published an earlier blog post, “What do I need to know about risk?” and shared The Savvy Director Guide to Risk with our subscribers as well as our network on LinkedIn.

Of course, there’s no way that a single blog post can cover the full breadth of a complex topic like risk. After all, ...

Inflation affects pricing, costs, wages, and strategy. This article explains how directors can understand inflation risk and guide their organizations through economic uncertainty.

Boards must do more than set strategy, they must track results. This article shows how to ensure accountability and follow-through.

Someone on LinkedIn said, “Good governance is like keeping the train on track.” I like that analogy as it runs parallel to the description of the CEO who ‘keeps the trains running on time.’

You need both ─ good direction and good execution.

You also need the third phase of the board’s work – monitoring progress.

It may have been John and Miriam Carver who desc...

This blog explains the fundamentals of risk and the board’s role in overseeing it. It outlines how directors can identify, assess, and respond to risks to support effective decision-making.

How should a board of directors be spending its time and energy? When I serve on boards, I make sure there is plenty of room on our agendas to regularly spend time on four key topics: finance, people, strategy, and risk. I refer to these collectively as The Savvy Director’s Focus.

Board directors don’t ...

This blog explains why stakeholder engagement is essential for effective governance. It shows how boards can identify, prioritize, and understand stakeholder perspectives.

Stakeholders are persons or groups with an interest in an organization who can affect or be affected by its decisions and activities. Given what’s happening in our world, it should be no surprise that the idea that organizations should be accountable to a broad base of stakeholders has gained traction, pushing the topic of ...

Virtual Board Meetings Post Pandemic

Without a doubt, “You’re on mute” was the most heard phrase during board meetings this past year. I encourage all directors and management people reading today’s blog to stop and take a moment of self-reflection and congratulation for a job well done.

You did this. You managed to get through an entire year of virtual board and committee meetings where few had previously been held. Remember what it was like a year ago? Everyone was learning on the fly. Boa...

Boards often rely too heavily on backward-looking reports. This article shows how using leading indicators helps directors anticipate outcomes and improve performance.

As I worked my way through a lengthy quarterly report recently – complete with tables, charts, graphs, and color-coded dashboard indicators – it occurred to me that there was very little there that would help me to anticipate what might come next.

The report provided lots of detail about what had been accomplished over the pas...

The care and feeding of high performing board cultures has taken a hit these past months. This has been observed many times by any number of board directors in my network. I imagine you’ve heard the same comments.

Still, we should feel grateful for our near universal access to affordable virtual meeting software that makes it possible for us to meet in real time with actual faces in front of us and voices in our ears. Can you imagine the alternative experience if all those virtual meetings of...

Lately, I’ve had a number of conversations with board directors who feel they lack a strong financial background. They’ve expressed concern about their organizations’ financial metrics during these times. Specifically, they were wondering, “What are the forward-looking numbers we should be paying attention to?”

Today’s blog post sets out to answer that question. As a non-financial director myself, I reached out to some of the savvy directors in our network with the following question: “What b...