The development of standards of good practice for boards of directors

Abstract

Explains the model which underlies the Institute of Directors′ Standards of Good Practice for Boards of Directors produced in association with Henley Management College. These standards were derived from an extensive, rigorous research and consultation process over a period of two‐and‐a‐half years involving over 1,000 directors. The model consists of three major parts: organizing and running the board; personal competences and knowledge; and the tasks of the board which are supported by indicators of good practice.