The Board: Roles and Responsibilities for the 21st Century
What is a board director really supposed to be doing? What is the balance between engagement and independence? To whom does a board director owe loyalty? What happens when things go wrong?
Directors should seek to understand the board’s role and the core principles of their duties and responsibilities. They should put in place mechanisms within the board to ensure that these duties and responsibilities are discharged. The key to board effectiveness lies as much in behaviors and relationships as in structure and processes.