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Induction programs for new Directors typically do not provide a sufficient understanding of the business. New Directors should take ownership of their induction, designing and conducting their own due diligence.
One way to start is by asking the 12 critical questions that can serve as the new Directors' guidepost as they assume their role as board member. These questions are not questions a new Director would ask during the first board meeting. These are questions the new Director must keep in mind while scanning through company documents and during one-on-one conversations with top managers.
This presentation provides the 4 core areas that new Directors must keep in mind. Each area covers 3 questions that will serve as guidepost as the new Directors assume their new role. In total, the 12 questions will allow a new Director to understand the company's critical issues and begin influencing board decisions quickly.
Core Area 1: Board Roles & Relationships
Core Area 2: Industry and Company Context
Core Area 3: Strategic Direction
Core Area 4: Organizational Health
Given the need for improved Governance, new Directors should set their aspiration at not only meeting the barest by fellow board members, but exceeding it.
This deck also includes slide templates for you to use in your own business presentations.