Inside the Boardroom
"The responsibilities of a board member are very different these days compared with ten years ago. They are expected to make an impact on the management of the company," says Aurora Catà (MBA ‘89 and PADE ‘03), who sits on the board of directors at Antena3-Grupo Atresmedia and Banco Sabadell and has been a member of the board of various companies over the past 15 years.
Catà says a board member now has a more strategic role. "This strategic role was rather blurred in the past but there’s more emphasis on it now." "Board members spend more time on strategy and risk analysis," says Francisco Gasset (MBA ‘75), senior partner at Spencer Stuart in Spain, who adds that "more time is spent on discussion and less on pure information."
But much remains to be done. "We should improve the strategic content of the board’s agenda," says Prof. Josep Tàpies. He encourages these governing bodies to draw up the main strategy in order to later discuss and corroborate the proposals put forward by the management team, led by the CEO. (…)
These are some of the thoughts and experiences from the cover story of the latest issue of the IESE Alumni Magazine.