Capacity to take risks, innovate and adapt Figure 41


“The board’s capacity to consider the acceptance of appropriate risks” Importance


Performance Not important 0%


Somewhat important 1% Important 94%


Not applicable / no response 5% averages based on a 5-point scale


2013 European average Chairman CEO / MD


Executive Director


Non-Executive Director Independent Director


Figure 42


“The board’s capacity to innovate and adapt” Importance


Not important 2%


Somewhat important 14% Important 80%


Not applicable / no response 4% averages based on a 5-point scale


2013 European average Chairman CEO / MD


Executive Director


Non-Executive Director Independent Director


Importance average


4.09 4.18 4.17 4.22 3.94 4.04


Performance


Not satisfactory 6% Neither 25%


Satisfactory 63%


Not applicable / no response 6% Performance average


3.74 4.00 3.42 3.50 3.83 3.45


Importance average


4.59 4.58 4.83 4.41 4.63 4.61


Not satisfactory 4% Neither 10%


Satisfactory 81%


Not applicable / no response 5% Performance average


4.14 4.43 3.92 4.00 4.27 3.57


42 Towards Dynamic Governance 2014 – European Corporate Governance Report


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