7.6 How to influence board culture

Question 1

Which Principle of the UK Corporate Governance Code looks at the role of the chair in board culture?

Answer 1

Principle F

Question 2

The Association of Chairs (2017) identified common behavioural problems of chairs. List 3.

Answer 2

Difficulting accepting feedback
Fails to empower others
Discourages questions and challenge
Offers and defends own decision
Tolerates poor behaviour
Dominates discussion
Prone to emotional outburstS

Question 3

Who has responsibility for identifying and challenging problem behaviours in the chair?

Answer 3

Th whole board, nut particularly the SID and CoSec.

Question 4

How did Mark Parket Follett (1924) describe the role of the leader?

Answer 4

The most essential work of the leader is to create more leaders.

Question 5

ICSA produced research in 2017 that identified the three most important factors influencing board culture. Can you name them?

Answer 5

Firstly, the quality of the chair.
Secondly, the directors having a real interest and commitment to the company and its activities.
Thirdly, increased board diversity.