Top Boards Do These 4 Things Differently

In a survey of 750 board directors, Russell Reynolds Associates found that top-performing boards were 10 percentage points more likely to list strategic planning or review as a top area (69% vs. 59% for the broader director population), 7 percentage points more likely to list oversight on major transactions (36% vs 29%), and 6 percentage points more likely to list CEO and management succession planning (29% vs. 23%). Along the same lines, directors of top-performing boards were also more likely than others to report engaging in enterprise risk review, board refreshment activities, and crisis management scenario planning.