The Board of Directors
The Board’s main function is to create the greatest possible value for the individual company and to give the company’s management access to the many competencies necessary to ensure a continuous development of the company.
A Board of Directors must therefore act as effective sparring partners with each Board members using their experience to help challenge and develop work processes and increase the company’s competitiveness and earnings.
Based on the company’s products and the overall objectives (Value Set – Mission – Vision) the Board must assist in the preparation of the business strategy. The Board also participate in strategic questions such as acquisition, financial basis, ownership change etc.
For some companies a Board of Directors is a legal requirement and the board acts as a control body with the formal responsibility for the company to comply with the law.
It is important to consider the gender equality of the Board, as all studies prove significantly better results and working environments with an equal gender distribution.