The study’s findings were based on survey responses from
133 CIRT board members, as well as over 40 follow-up
interviews. Key study findings were grouped into four
main themes: 1
1) Leadership Matters
2) Different Is Better
3) The Big Training Gap
4) Reordering the Priorities
This article is the first of a four-part series providing
insight into each theme and will address the importance of
leadership matters within the boardroom.
This first theme highlights the importance of board
leadership and how the board leader (chair or lead director)
plays a pivotal role in fostering an effective board.
Essential to the success of any board, the chair’s role
should be crafted with the same intention that goes into
that of all executive leaders. FMI’s research underscores
the importance of leadership, showing a strong, positive
correlation between board leadership and board effectiveness (see Exhibit 1 on page 12).
The 2018 FMI/CIRT Corporate Governance Study revealed
that the more effective the board
leader, the greater the overall
effectiveness of the board he or
she leads. And while this may
initially come across as obvious,
FMI found that few organizations
invested in board leadership
training – a potential, critical miss
that will be further discussed
later in this series.