Board dynamics is critical to board effectiveness. It is a function of having an appropriate board composition in terms of skills, competencies, experience and diversity; effective leadership from the Chair and where applicable the senior/lead independent director; and a culture of mutual respect, trust and constructive dissent.
This workshop will discuss the factors that influence board dynamics; how to identify dysfunctional board cultures that may harm board dynamics; board practices and processes that are critical for ensuring healthy board dynamics (including the role of the nominating committee); and building a mutually respectful and trusting relationship with management while discharging fiduciary duties.
At the end of this program, participants will be able to:
- Understand the importance of healthy board dynamics and the factors that influence board dynamics;
- Identify signs of dysfunctional board dynamics that undermine board effectiveness, critical faultlines and strategies for avoiding them;
- Understand the important attributes of the Chair (and senior/lead independent director where applicable) that affect board dynamics;
- Understand good practices in the board and nominating committee (such as search and nomination processes, succession planning and board assessments) for improving board dynamics;
- Understand the importance of a trusting and collaborative relationship with management while verifying and constructively challenging to discharge duties.
Prof. Mak Yuen Teen is an associate professor at the NUS Business School, National University of Singapore, where he specialises in corporate governance. He was a former Vice Dean responsible for finance and administration at the school. He has also held Singapore and regional heads of research positions at major international consulting firms. Prof. Mak has served on key corporate governance committees in Singapore and is a member of the Corporate Governance Council set up by the Monetary Authority of Singapore (MAS) reviewing the Code in 2017 and the Corporate Governance Advisory Committee that was formed following the release of the new Code. He has also been involved in developing several corporate governance ratings and scorecards in Singapore and the region.
MAK YUEN TEEN
Associate Professor at the NUS Business School. Iclif adjunct faculty