Board analysis is the process of reviewing performance data and identifying trends in company data. This helps boards focus on the matters that matter most and allows them to help support the strategic direction of an organization.

Boards are increasingly focused on culture and talent as well as risk management. They are also taking an active approach to succession planning. This includes examining roles outside of the C-suite. This includes roles in digital business and customer service.

In the end, a company’s plan is only successful if its employees are able to carry it out. To refine this, a number of organizations are embracing new playbooks to help them survive and thrive in times when economic forecasts are uncertain or even negative. Boards that play an active role in this area are assisting businesses think about the future and plan for uncertainties.

Overall, the most effective boards are those that have a chemistry of openness, trust and collaboration. They are well-versed in the organization’s structure and ask tough questions to challenge management. They are aware of their roles as part of a dynamic which is owned by all stakeholders and can check that collaborate to make a positive change in the corporate culture.

While the majority of boards have an organized structure that is two-tiered, separating supervision from management There are many variations in terms of ownership and countries. Whatever the particulars they all have the same responsibilities. Board BEAM allows users to quickly create graphs, reports and self-service analyses that leverage clusters of k-means and other advanced functions like frequency, recency, dormancy and nascency.