AmCham Slovakia

Building an effective board in a responsible company

Prepared by AmCham member: Deloitte

During the recent heightened regulatory focus, companies and their boards need to think deeply about the way in which they carry out their business. It is not only about the structures and processes that they put in place, but also about the crucial role of the board in setting up the vision of the company. It should always place great emphasis on clarity of roles and responsibilities, as well as on accountability and transparency. To be able to fulfill the numerous tasks, boards need to take all necessary steps to act as effectively as possible.

During the recent heightened regulatory focus, companies and their boards need to think deeply about the way in which they carry out their business. It is not only about the structures and processes that they put in place, but also about the crucial role of the board in setting up the vision of the company. It should always place great emphasis on clarity of roles and responsibilities, as well as on accountability and transparency. To be able to fulfill the numerous tasks, boards need to take all necessary steps to act as effectively as possible.