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Board analysis is the process of analysing the performance data and identifying patterns in company data. This helps boards concentrate their attention on issues that are important, enabling them to help support the company’s strategic direction.

Boards are increasingly focusing on culture, talents and risk management. They are also taking an active approach to succession planning. This includes considering other roles that aren’t in the C-suite. This includes roles in customer service and digital business.

In the end, a business’s strategy will only be successful only if it is implemented by its employees. To improve this, many organizations are adopting new approaches which will allow them to succeed and flourish when economic projections are mixed or even negative. Boards that adopt an active approach to this issue help companies to rethink their strategies and plan for uncertainty.

Overall, the most efficient boards have a mix of openness, trust and collaboration. They are aware of the business’s ecosystem and they are able to pose challenging questions to the management. They are aware of their responsibilities in a shared ownership relationship with stakeholders and are able to work together to make changes in corporate behavior that change the way things are done.

While most boards operate on two-tier structures that separate the management board from the supervisory board variations are present in different countries and ownership structures. No matter the specifics the boards all share similar obligations. Board BEAM enables users to quickly create graphs, reports and self-service analyses that leverage K-means clusters as well as other advanced functions like frequency dormancy, recency, dormancy and nascency.