Canada's business leaders must increase the effectiveness of their boards by concentrating on getting the most out of their directors' limited time, according to the Canadian Coalition for Good Governance.
Speaking today at the Canadian Corporate Counsel Association annual meeting in Toronto, CCGG Managing Director David Beatty said, "Boards must strive to maximize the company's return on directors invested time (CRODIT)."
"My chair, Michael Wilson, and I have been meeting with Canada's leading directors over the past year, and it's clear from their feedback that time constraints and knowledge chasms can severely limit board performance," said Mr. Beatty, who is also Conway Director of the Clarkson Centre for Business Ethics and Board Effectiveness at the University of Toronto's Rotman School of Management. "Directorship is an important, disciplined and arduous profession. To make a board truly effective companies need to maximize the productivity of their board members."
See full Press Release.
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