What did the board do?
Even the most skilled senior executive needs an experienced, independent board, to support and challenge them. When organisations fail, the finger of blame is rightly pointed at the board. Here, we review some legendary snafus and examine the board’s role in each one
Boardroom battles, shareholder frustrations and corporate scandals show no signs of abating. Business is naturally competitive and involves risk, skill and belief and frequently requires big egos to succeed. Oversight of the work of senior executives should be provided by boards made up of experienced and well-intentioned directors with the confidence and the independence to challenge - and back - their senior management.
However, when organisations fail, there is one question that will always be...
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