The long-term success and sustainable development of any organisation fundamentally depends on good governance. A CEO can only ever be as good as their governing board. The high quality support, challenge, and strategic direction provided by a board is something every effective CEO prizes and relies upon.
Yet, too often the preparation and development of trustees/directors is left to chance. Whilst ongoing training and external review can go a long way towards ensuring trustees are well placed to fulfil their duties and perform highly, it is induction that matters most. As corporate governance expert Jo Haigh says “it has often struck me as rather strange that young graduates joining an organisation are given a more structured induction than the new director, particularly given that it is the director’s job to help steer the organisation to success.”