What Makes an Effective Board

A Board's effectiveness is mostly determined by its composition, culture and character. But how do these parameters become the enablers for a perfect Board? An expert panel discusses.

A good team of directors is often the biggest guiding factor for any organisation. Their role is critical to the company's future and their advice key to its wellbeing. So, how do we define a perfect board or a great board? Are there any set parameters on which their performance can be benchmarked? There cannot be anyone answer to that.

The third roundtable of India's Best Boards was all about discussing how can a Board be more effective, what should be its duties, and what should be its structure. The way a Board member is hired really affects the structure of the board. Globally, there is a structured interview process for hiring members, while in India one just gets a call from the Chairman to sit on a company's board said Vinita Bali, Chairman, GAIN as she triggered a really heated debate.