What does fiduciary duty mean

What does fiduciary duty mean?

A board member’s fiduciary responsibility is to act in the best interests of their company and shareholders. Having a fiduciary duty is an important responsibility. Damages could be awarded to beneficiaries if a fiduciary fails to fulfil their duty, and this is called a breach of fiduciary duty.

groupthink on boards

How to spot groupthink on boards

The groupthink phenomenon discourages individuals from disagreeing with each other and especially the group leader. If you have groupthink around a board table it is a sign of danger.

Member Spotlight #14 - Nóirín Hegarty

Member Spotlight #14 – Nóirín Hegarty

Leadership is about identifying the right talent, building the right team, setting the direction and then getting out of the way. Getting people to work together and do what you want, is one of the hardest things of all to achieve. When you get it right, great things happen!

what is the role of an executive committee

What is the role of an executive committee?

Many executive committees are small, with three to seven members. These could consist of the chairperson, vice-chair, secretary, and treasurer, including the CEO and any other board officers who wish to join.

people leave toxic cultures

People leave toxic cultures, not jobs

A culture is considered toxic when trust, psychological safety, and employee morale degrade to psychologically unhealthy levels. In such a situation, employees suffer from high levels of stress. And just like a disease, it becomes contagious if not treated right away.

Can you join a board in another country?

Can you join a board in another country?

One key advantage for boards that embrace the remote board meeting model is that they can attract top talent. High-skilled and in-demand non-executive directors can be recruited from anywhere, providing CEOs and boards with a much wider talent pool.

If you sit on a board or want to sit on a board you must know how to examine and understand a financial report. In this webinar, accountant and academic Seán O’Reilly explains finance essentials for board directors.

Finance essentials for board directors

If you sit on a board or want to sit on a board you must know how to examine and understand a financial report. In this webinar, accountant and academic Seán O’Reilly explains finance essentials for board directors. 

Do you have these boardroom skills? What type of people are in demand

Do you have these boardroom skills?

Today, non-executive directors have to be more skilled and more engaged than ever before. Political and economic uncertainty, market volatility, regulatory changes, environmental, social, and governance (ESG) issues, rapid changes in technology, increased transparency, investor activism, and media scrutiny are challenges facing boards.