In recent years the length of board packs has increased significantly especially in financial services. This report focuses on the preparation, provision and use of board and board committee packs within the financial services industry. However, boards in other, especially highly regulated, industries can learn from the experience of banks, insurers and investment managers.
We have come to the conclusion that boards need to build on both individual and collective responsibility and stay diverse and inclusive, making sure that decision-making is a true team effort. We have provided detailed lists of proposed actions that need to be considered in the context of the three overarching principles. These lists are both for the boards themselves and executives who are preparing the packs. Our proposals will aid the provision of effective board packs for all those involved.