Accurate, complete and timely information is the oxygen of effective boards. Without it, directors cannot ask informed questions of senior management, mitigate risks or make good decisions. Non-executive directors, in particular, must insist on receiving quality information before a board meeting so that they can discuss issues.

Internal and external information on market conditions, competitors, political, economic, social and technological changes gives boards a view of the big picture and an advantage in becoming high-performing

A good flow of information ensures continuity between meetings and provides a transparent audit trail.