Points of ViewWhat Experience Teaches Us
That issue, again? How to distinguish the Board’s role from that of Management is a debate ‘so old that it shines’. Didn’t we resolve that dilemma years ago? True, but how Boards behave today is increasingly diverging from what they say they believe. The upside is tempting, but managing the risks takes high skill.
What factors permit some Boards to far outperform their peers at other firms? Why do some Boards make a much bigger contribution to company success than others that seem equally distinguished? We will explore many root causes in future Flogs, but one central character holds a powerful key to any Board’s realized value – the Chief Executive Officer.