The Effective Board: How To Build a Board That Actually Works

In a business environment of increasing complexity and competition, good governance isn’t optional. Enter the board of directors.

An effective board of directors increases accountability and oversight, which in turn boosts a company’s stability and growth potential. Beyond their critical legal and fiduciary duties, a board of directors can and should also serve as a valuable sounding board and provide insight from an independent perspective by challenging assumptions and pushing back on insular thinking. Boards are especially useful in areas like succession planning, M&A and divestitures, long-range strategic planning, and new markets.

This article will review some general considerations to keep in mind when forming a board and managing a successful board meeting.

Board Formation

When