Even during the best of times, the future is always uncertain. That’s even more apparent right after several recent periods of disruption: pandemics, recessions and supply chain issues. In the past, boards and board formation may not have meant much to company leadership, but today, a well-designed board with the right collection of skills and experience can get a company through a crisis and significantly impact its success.
Additionally, engagement in the workplace has never been more urgent, and this is just as true for boards. More-engaged teams are more resilient and able to withstand bigger challenges. A Gallup meta-analysis found the most-engaged teams were 21% more productive than the least-engaged ones. Diversity—in race, gender, age and socioeconomic background—benefits any team, including a board, but engagement is what makes those diverse board members the most effective.
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