Best practices for board effectiveness: PwC

PwC (Feb 24, 2025) "Best practices for board effectiveness" lays out four levers: board composition and skills (deliberately add directors with deep expertise — cybersecurity or AI — based on company strategy, risk profile, industry and management capability), performance assessments (annual, leading-practice assessments blending quantitative and qualitative inputs, periodically facilitated by a third party for candor, drawing on executive-management inputs, translated into concrete action plans with real-time feedback), board culture and dynamics (preventing dysfunctional dynamics from undermining decision quality), and board-management engagement (using limited high-stakes meeting time to challenge management while strengthening the relationship). Useful structuring frame for SEA mid-market boards revising their own assessment cycle.