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

Boards are increasingly looking at culture, talent and risk management. They are also taking an active approach to succession planning. This involves looking beyond C-suite executives as well as the lower ranks of digital business, as well as to other roles essential to the success of a company such as customer service or security.

Ultimately, a company’s strategy is only effective if its employees are able to carry it out. To refine this, a number of organizations are adopting new approaches that can help them succeed and flourish when economic projections are ambiguous or even extremely dire. Boards that play a proactive role in this area are assisting businesses to rethink their plans for the future and prepare for uncertain times.

The most efficient boards are those that have a mix of trust and openness, and also collaboration. They are well versed in the corporate ecosystem and are able to ask difficult questions to challenge management. They are aware of their obligations as part of a team where stakeholders share ownership and work together to make a positive change in corporate behavior.

While most boards are governed by an organized structure that is two-tiered, separating the supervisory and management, there are many variations in the ownership structure and in the countries. Regardless of the specifics that they share, the majority of boards share similar overall responsibility. Board BEAM allows users to create reports graphs, self-service analysis using k=means and other advanced functions like frequency, recency, and dormancy.