Four Traps Boards Should Avoid
As we continue to recover from the pandemic, boards face difficult decisions on how to best handle the impact of business disruptions. In a recent NACD BoardTalk blog post, Managing Director David Brown discusses four new trends that are impacting corporate boards.
When it comes to daily operations, for example, David says, "Too many are involved in the day-to-day operations of the company. Pandemic-related or not, some boards seem to have forgotten their strategic role, inserting themselves into areas squarely owned (and for good reason) by the C-suite. This is especially apparent in cases where an executive retires and takes a seat on the board but can’t leave their former duties alone."
What's the fix for this issue, and what can directors do to maximize their boards' effectiveness in this difficult market?
