With increased attention from regulators and increased focus on risk by insurers, how can non-executive directors use e-board technologies to enhance the Corporate Governance of the investing institutions on whose boards they sit?
Practical problems for directors
Carrying out a director’s duties requires being sufficiently well-informed to make proper judgements. Even within a management board where all the directors work in the business, this can present problems. Thus the Finance Director will always know more about the financial accounts than the Marketing Director and will be unlikely to accept criticism of the numbers from the marketing quarter. Similarly, the director responsible for Marketing will privately regard the Finance people as having only a relatively shallow understanding of the marketing side of the business. How much…
